Jeff Bronheim spoke with Real Deals about the current environment for first-time private equity fundraising following a steep decline in 2020 due to COVID-19 restrictions. As optimism grows for a rebound in 2021, Jeff details key obstacles LPs will need to consider when backing a first-time fund.

“The big issue for any LP backing a first-time fund is getting to grips with how the team works together and how the partnership will be set up,” said Jeff. He continues, “How will decisions be made? Who has the final say? What happens when there is a disagreement about a deal, or a firm is locked into a bidding war?” (Subscription required.)