How to Survive Raising Your First Private Equity Fund

Raising your first private equity fund is humbling. Like Lloyd Dobler holding a boombox outside an LP's window, you need to be committed and creative. It took us over 150 meetings and almost 2 years to get to the finish line. One LP fell asleep mid-pitch. We got stranded in a monsoon in Connecticut. Kenny the Associate torpedoed us in Manhattan. Jim got locked out, and Devin had to fly solo. We survived. You can too. From hiring a placement agent to practicing your pitch to getting LPs to tell you what they want, to recharging your batteries on the road so you can keep going til the end. This is everything we wish someone had told us. Always Be Closing. Kinda.

You can listen to How to Survive Raising Your First Private Equity Fund online on Radio and Podcast. Open the player on this page to stream the available audio.

How to Survive Raising Your First Private Equity Fund is an episode from Private Equity Funcast by Jim Milbery.

This episode is 01:17:40 long.

This episode was published on Mar 11, 2026.

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