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Nizar's avatar

Thanks for sharing this. As an aspiring fund manager, I found this very helpful. The one thing I struggle with for a micro fund are the fixed costs. These costs can be negligible for large funds and a drag on smaller funds. Still searching for the most cost-efficient way to run a micro secondaries fund ($1M - $5M). For a $1M fund, formation and admin costs can set the fund back 20% over 7 years.

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Patrick Ryan's avatar

Great article!

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