Reletter
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Welcome to Cash and Carried. This is a newsletter focused on the nature of pools of investable money - often referred to as "investment funds" - and the different shapes and personalities these pools take on.

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Substack
PricingOnly free issuesPublishesWeekly
Issues76Founded2 years agoLast Issue12 days ago
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Latest Issues

Management Fee Waivers and Offsets

Cash and Carried has officially launched a podcast.

2x/week on Tuesday and Thursday mornings EST. Here are this week’s episodes:

Episode 05, featuring Sean Burke of Liquid LP.

Episode 06, featuring Todd Owens of Cantilever Group.

Cash a...

12 days ago
3

The Co-Investor

Cash and Carried has officially launched a podcast.

2x/week on Tuesday and Thursday mornings EST. Here are this week’s episodes:

Episode 03, featuring Balaj Singh of Capital Group.

Episode 04, featuring Andres Hefti of Multiplicity Par...

19 days ago
7

Podcast Launch + Recycling LP Money

Cash and Carried has officially launched a podcast. 2x/week on Tuesday and Thursday mornings EST.

I don’t want to spam you guys with each episode, so I’ll just share the links here to maintain my promise to be intentional about how much o...

a month ago
7

LP Excuse Rights

A limited partner (“LP”) excuse right allows an LP in a private investment fund to opt out of sending money to fund a specific investment, without breaching its overall fund commitment.

Under standard fund terms, an LP cannot selectively c...

a month ago
5

The NAV Loan

The most important concept in debt is collateral. What does the lender get if the borrower cannot pay back a loan? Most people know this from a mortgage. Miss enough payments, and the bank takes the house.

This question explains both the v...

2 months ago
13

Key Facts

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Authors

The writers behind this newsletter.

  • Shahrukh Khan

    Investment Funds Lawyer Based in New York

  • Andrew Sommer

    Head of Product at Valumize, with over 7 years of experience developing secondary market data extraction and fund forecasting software.

  • Dhruva K

    Attorney | Musician | Writer

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