Thinking of raising a lower mid-market fund?

Placement agent Stonington Capital’s Dana Pawlicki gives his thoughts on fundraising for lower mid-market firms in the current environment. Pawlicki has some valuable insights into LPs’ thinking, and what lower middle market firms looking to raise funds need to know. (Spoiler alert: “all is not lost.”) Tip of the hat to sister title Buyouts, who originally published the guest column.

Fees & Expense survey: Our biennial Fees and Expenses benchmarking survey is underway. If you work in the finance function of a private fund manager, we’d love to have your confidential input. The survey should take approximately 20 minutes and asks questions about deal related fees, management fees, SEC and regulatory exam fees, and co-investments. Deadline for submissions is Friday, May 29. Click on the link above for more details and to take the survey.

Correction: In yesterday’s daily email I incorrectly summarized an article from sister title Regulatory Compliance Watch about an SEC settlement with Monsoon Capital and its founder Gautam Prakash. The email, which has been corrected on the site, stated that the SEC settled with Monsoon and Prakash for $1 million. The settlement, which was over Prakash’s alleged misuse of $1 million in fund assets, was for $100,000, as was accurately reported in the original article.

Email prepared by Graham Bippart