Thoughts on partnership prospects in private funds LP side vs GP side? Prospects for "secondaries"?

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Very little prospect for secondaries if you only do LP-led secondaries only - the practice is very junior/mid heavy and not very substantive.

Whether there is a big enough institutional investor to support an additional partner will be key, but you will still be grinding once you make partner with little time to develop your own book.

Kirkland and Proskauer are some of the big names in LP leds, MLB, DLA, Akin, and Debevoise did a fair bit as well. It’s easy to get yourself siloed in due to the size of the clients.

GP side has the best prospects imo.

Why?

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