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  • Writer's pictureRainer Gumpert

The evolution of the fundless deal by deal model.

“Ten years ago most independent sponsors were fundless because they couldn’t raise a fund,” says Dan Lipson, a partner with Rotunda Capital Partners. “Today, many new firms are choosing to be independent. More and more family office investors and institutional capital sources are looking to co-invest and put money to work outside of the traditional GP/LP structure."


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