Request
Debut and early funds to back
You are an allocator and a manager. Source like both.
Fund-of-Funds GP
Emerging managers to back, GP references, anchors and LP introductions for your own vehicle.
Requests
What you can ask for here
Each is a kind of request other members answer. Pick the one you need and it goes to the people who can act on it.
Request
Candid references from other LPs
Request
An LP to anchor your first close
Request
Warm paths to LPs whose thesis fits yours
Request
LPs to commit to your fund
Request
Co-investors for the club deal
What you can answer
Requests where someone in your role is the person they are hoping hears them.
Request
LPs to commit to your fund
Request
An LP to anchor your first close
Request
Cornerstone capital for your fund-of-funds
Request
Warm paths to LPs whose thesis fits yours
Request
Help raising your fund
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On Superscout
What Superscout does for you
Scouting recordFree
A manager's calls before they had a fund, in public and dated.
Search that narrowsFree
Emerging manager programs and fellowships by region, and the managers who went through them.
FollowFree
Follow managers and sectors. The brief does the rest.
Fit checkFree
Set what you allocate to. Managers and programs that match reach you.
Private deal vaultPro
A private list of the managers you are tracking, with your notes.
What the role involves
- 01
The objective is to provide diversified venture exposure and manager access while delivering acceptable performance after both layers of fees.
objective
- 02
A core responsibility is sourcing, diligencing, selecting, and monitoring external investment managers.
responsibility
- 03
After commitment, the GP monitors changes in the manager's organization, personnel, portfolio, performance, operations, and fees.
task
- 04
The GP assesses how a proposed manager contributes to diversification and whether the investment is suitable for the fund's mandate.
task
- 05
The GP evaluates each manager's organization and team, investment process, portfolio construction and risk, attributable performance, operations, and fees.
task
What shapes the decisions
- 01
A recurring concern is that the additional fund-of-funds fee layer can erode investor returns after both fee levels.
concern
- 02
Another concern is hidden overlap: underlying managers may own the same companies, leaving the portfolio less diversified than the number of fund commitments suggests.
concern
- 03
Manager organization, team, philosophy, investment process, portfolio construction, attributable performance, operations, and fees are direct selection criteria.
decision criterion
- 04
The manager's contribution to diversification and suitability for the fund's mandate are explicit selection criteria.
decision criterion
- 05
Historical returns alone are not a sufficient basis for trusting an external manager; organizational and operational evidence is also required.
trust concern
Tools and vocabulary
- 01
Natural terminology includes fund of funds, underlying manager, multi-manager, co-investment, diversification, net returns, fee layer, performance attribution, and operational due diligence.
terminology
Limited Partners
Roles near yours
Endowment LPAn Endowment LP is an institutional investment decision-maker or team representing an endowment that allocates capital to externally managed private funds as a limited partner while preserving the endowment's mission, spending, risk, and donor obligations.Family-Office LP AllocatorFamily investment decision-maker translating family objectives into portfolio allocations and commitments.Foundation LPFoundation-side allocator or overseer of endowment capital, with organization-specific authority boundaries.Fund-of-Funds LP AllocatorA multi-manager private-markets allocator evaluating external GPs and funds for client portfolios.Individual EM-Backing LPNatural person investing personal capital as a limited partner in an emerging-manager private fund.LP / AllocatorAn LP / Allocator is an asset-owner-side investment professional or governance participant who translates institutional objectives into manager or fund commitments and monitors those delegated relationships; the role is distinct from the external investment manager or GP being selected.
Pick your way in
Three ways into the startup world. Choose the one you came for.
Superscout Pro
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$99a year, or $12 a month
Get Pro- Search that narrowsInvestors, programs, accelerators, incubators and studios, by stage, sector and place.
- A verified profileThe people you reach know you are who you say you are.
- A private deal vaultThe startups you are watching, with your notes and your reasons. Nobody else's eyes.