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Does an LP's Inquiry About Sidecar Syndicates Imply Our Fund's Involvement in Organizing Them?

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May 03, 2023
When an LP asks if there is room for sidecar syndicates does this imply that our fund would be helping organize the syndicate?
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Mike Suprovici
Accepted Answer
May 03, 2023
They are usually asking you if you would organize a syndicate in the future. That being said, you should clarify this.
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Neal Strickberger
Accepted Answer
Aug 14, 2023
Offering the opportunity for your LPs to invest along side your fund (if there is additional room in the round) or in following rounds can provide additional value to both your LPs and portfolio companies. In these cases, you may want to consider an SPV to roll up these investments and take carry. This should be clarified in advance.
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