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The Tides Have Turned in Fundraising

jebaltonaga

When Kian Capital Partners was raising its third fund earlier this year, it got some bad news. One of the LPs from its previous fund could not commit. Not because of poor past performance. Not because of a lack of faith in the fund’s investment strategy. Quite simply, the LP had lost its mandate from a state pension, so there was no capital to invest.

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Jeb J. Altonaga

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