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BeyondTVPI

BeyondTVPI

For LPs who want more than numbers. Subscribe for weekly insights, tools, and playbooks from a former LP.

The Culture Test: Can You Walk Away?

Jan 8, 2026

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7 min read

The Culture Test: Can You Walk Away?

The question that caught me by surprise

Steffen Risager
Steffen Risager
Reference calls: the fastest way to find out if you’re a partner... or just a wire transfer

Dec 18, 2025

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7 min read

Reference calls: the fastest way to find out if you’re a partner... or just a wire transfer

Reference calls won’t just tell you about the manager. They’ll tell you who you should call next time.

Steffen Risager
Steffen Risager
Once a GP shows you who they are, believe them

Dec 11, 2025

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5 min read

Once a GP shows you who they are, believe them

When the incentives are stacked and you can't evaluate the assets

Steffen Risager
Steffen Risager
When Your Framework Says No (And You Listen)

Dec 4, 2025

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6 min read

When Your Framework Says No (And You Listen)

Passing on a 30% IRR fund and not making exceptions

Steffen Risager
Steffen Risager
🧟‍♂️ The zombie fund solution that actually works (when it's available) - Part 2

Nov 27, 2025

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7 min read

🧟‍♂️ The zombie fund solution that actually works (when it's available) - Part 2

GP-led secondaries reset broken incentives and unstick portfolios. They're emotionally unsatisfying, often the rational choice - but only available for a select few.

Steffen Risager
Steffen Risager
🧟‍♂️ Zombie Funds, Part I - When a GP Is Put On Life Support

Nov 20, 2025

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8 min read

🧟‍♂️ Zombie Funds, Part I - When a GP Is Put On Life Support

When Carry Dies, Survival Economics Take Over

Steffen Risager
Steffen Risager
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BeyondTVPI

For LPs who want more than numbers. Subscribe for weekly insights, tools, and playbooks from a former LP.

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