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Steffen Risager
Steffen Risager

Former LP & CIO turned software founder

My favourite chart had more to tell me

Oct 29, 2026

A client's simple question opened up an analysis I never tried as an LP.

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Every GP has a playbook. Does it use it?

Oct 22, 2026

The difficult work that turns a value creation plan into something an LP can underwrite

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What did the manager actually build?

Oct 15, 2026

Why the track record matters less as diligence gets deeper

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The treasure trove of data I never used

Oct 8, 2026

Most track records get read once and forgotten. Screening is how I put them back to work.

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One year in: what the LP job actually looks like

Oct 1, 2026

The work behind a fund commitment

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The Price of Waiting?

Sep 24, 2026

The anatomy of a fundraise #2: What Kohlberg Fund X shows about late closes, portfolio evidence and the price of going early - or waiting

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How LPs position for a one-and-done fundraise

Sep 17, 2026

Axcel VIII, Alpine and a five-step plan for building access before the fund opens

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Digging through the mailbag

Sep 10, 2026

On LP mandates, re-up diligence and presenting an LP to GPs

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The third underwriting should be the deepest (yet)

Sep 3, 2026

A good re-up DD should confirm your thesis or reveal your biases

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Every LP will have much better data

Aug 27, 2026

Why AI changes the economics of portfolio monitoring

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The cover-page habit I never forgot (and stole)

Aug 20, 2026

A small administrative detail with lasting value for investment teams

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Three of my favourite charts for Manager diligence

Aug 13, 2026

When evaluating a fund, I look at many visuals. Here are three of my favourites you can start using today.

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The A-E System I Used to Prioritize GPs

Aug 6, 2026

How a simple rating turned manager evaluation into a repeatable sourcing process

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What Kind of LP Are You?

Jul 30, 2026

It took me ten years to realize my investment philosophy was very different from the one I thought I had

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Every LP gets the same information. Why do they reach different conclusions?

Jul 23, 2026

Same track record. Same meetings. Same references. The factual gap is small, the interpretation is where LPs differ.

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What Makes an LP Attractive to GPs?

Jul 16, 2026

Brand and ticket size matter. But after a decade on the LP side, I came to believe two other factors matter even more.

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The July Playbook

Jul 9, 2026

Why July was often my most productive month for building GP relationships + step-by-step guide

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The Hidden Cost of Expanding Your Mandate

Jul 2, 2026

Plus "Welcome Sweden!" and the standards we hold ourselves to

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The Gap Between What They Said and What Happened

Jun 25, 2026

About one of the highest-leverage things we ever did

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The Purpose of Monitoring?

Jun 18, 2026

Who and what should get your attention?

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Will the role of placement agents increase or diminish?

Jun 11, 2026

Learnings from 10 years as an LP

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The Research I Never Got Around to

Jun 4, 2026

How to come prepared to meetings at SuperReturn - without the tedious research effort

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The Part of Being an LP That Took Me Years to Accept

May 28, 2026

The best GPs don’t need your capital. They allocate access to LPs who started building the relationship years before the fundraise.

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It’s me, not AI. How I finally got a useful market map

May 21, 2026

The real problem isn’t the tools. It’s the question you ask - and why that determines the entire output.

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The 4–5 pages that define how you show up

May 14, 2026

Turning a pitch into a comparison

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