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Oliver Buchannon
Steffen Risager

Former LP & CIO turned software founder

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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IRR: A Simple and Surprising Measure

May 7, 2026

IRR Is Private Equity's Most Quoted Number. It's Also the one Most Easily Engineered. Here's The Math That Always Surprises Me

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The Reference Call That Sounds Good and Tells You Nothing

Apr 30, 2026

When the Politician's Answer Becomes a Problem

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Your Framework Is Not Your Edge. Your Calibration Is

Apr 23, 2026

Where Framework Ends and Judgment Begins

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The Ranking Is True. But What Is The Question?

Apr 16, 2026

A ranking tells you who performed. It doesn't tell you who will. The gap between those two questions is the entire job.

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The Number That Looks Great - Until You Remove Two Deals

Apr 9, 2026

On luck, repeatability and losses

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Carry Drives Upside. GP Commitment Does Something Else

Apr 2, 2026

As LPs we think mostly of returns. The GP commitment mostly sit on the other side of the equation

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Co-investments: Deal underwriting or manager selection?

Mar 26, 2026

A framework for moving fast without re-underwriting every deal

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The track record and the fund are not the same product

Mar 19, 2026

Triangulating strategy drift from fund size growth and the GP/LP perception mismatch.

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Quarterly fund reports. Part update, part marketing

Mar 12, 2026

Why GP reports make it surprisingly hard to see what actually changed.

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Know what you need to walk out with - before you walk in

Mar 5, 2026

Building valuable discipline and infrastructure across the organization

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The LP who beat a global consultant in an oversubscribed fund

Feb 26, 2026

The reason you didn't get into that fund had nothing to do with diligence

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How to Spot Winners Early (Without any Performance Data)

Feb 19, 2026

How to use signals to identify who to meet with first

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My β€œboring” framework for evaluating managers

Feb 12, 2026

The tradeoffs every LP faces - and how a simple framework makes them clearer

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Placement Agents: Used Car Salesmen or Strategic Partners?

Feb 5, 2026

How I went from skeptic to believer

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When a Principal Leaves, The GP Always Says The Same Thing

Jan 29, 2026

A practical method for understanding departures + how this newsletter gets written

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The embarrassing email I sent a GP (and how we fixed it)

Jan 22, 2026

From β€œInteresting” to Allocation: A Simple LP Discipline to Prioritize Your Pipeline

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Is LP Compensation Structurally Misaligned?

Jan 15, 2026

LPs make 10-year decisions but are paid on 12-month cycles. Shouldn't we align those?

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The Culture Test: Can You Walk Away?

Jan 8, 2026

The question that caught me by surprise

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

Dec 18, 2025

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

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Once a GP shows you who they are, believe them

Dec 11, 2025

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

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