Why it’s now even harder for first timers
The lack of in-person meetings as a result of covid-19 is an added hurdle for debut funds, but a deal-by-deal approach could still win support.
First-time funds have not had an easy time amid a competitive fundraising environment and the rapid spread of covid-19 will only make it harder.
This is especially true for first-time fund managers which have not had in-person meetings with limited partners.
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