[This is one of the first ‘Tactical Notes’ – short-format observations that I jotted down some time ago, where I feel that this snippet is enough and no long format essay is necessary]
Capital formation strategy is a product of LP-GP fit. The best LP-GP relationships are not built on performance narratives but on shared epistemics and time horizons. Strategy emerges through fit. Not the other way around. We don’t shape the story for the market—we seek markets where our story makes sense.