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Join fund that is winding down?

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so I have an offer to join a pe fund that's doing pretty badly in its current investments.

May or may not be able to raise a new fund.

Work for the next 3 or so years will be working with portcos, no new deals.

Renegotiated LP agreement, so carry is based on current nav.

Portfolio heavily energy correlated - so optionality here depending on what the Saudis and Russians end up doing. Really could go either way here.

About 30% bump in base on my current role.

Would you or would you not?


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