Aug 15, 2026

by

Pavel Prata

Fee Stacks Quietly Erase Most of an Allocator’s Upside

Diversification costs 1 point of return, fund-of-funds fees cost 6

Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

© All Rights Reserved.
MURPH CAPITAL DIGITAL, INC. 2026.

Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

HANDCRAFTED by:

© All Rights Reserved.
MURPH CAPITAL DIGITAL, INC. 2026.

Murph capital is a new media, research and community for emerging vc fund managers

PROUDLY builT IN USA

HANDCRAFTED by:

© All Rights Reserved.
MURPH CAPITAL DIGITAL, INC. 2026.

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