May 9, 2026

Endowment Eddie

SPV Terms Are Getting Egregious as GPs Move Downmarket

Elite managers still command 0/0 deals while smaller operators demand 2-6% upfront fees.

Murph capital is a new media and community for the next generation of emerging managers and allocators

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Murph capital is a new media and community for the next generation of emerging managers and allocators

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

Substack

Main

home

Podcasts

Templates

Data

Funds

Events

Reports

Soon

about us

Community

Store

Murph capital is a new media and community for the next generation of emerging managers and allocators

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

Substack

Main

home

Podcasts

Templates

Data

Funds

Events

Reports

Soon

about us

Community

Store

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