What LPs Want and GPs Need to Hear

What LPs Want and GPs Need to Hear

From Swimming with Allocators by Earnest Sweat, Alexa Binns

April 15, 2026 · 49 min

About this episode

Regina Green discusses her journey and insights on diversity in venture capital and the evolution of capital management.

This week on Swimming with Allocators, Earnest and Alexa chat with Regina Green as she shares her journey from growing up as “the different one” in Georgia to spending 17 years at Goldman Sachs and leading the Launch With GS initiative focused on channeling capital to underrepresented founders and fund managers. She explains how that experience led her to Catalyze, where she now supports “capital entrepreneurs” through a GP fellowship and the GP Runway Fund, providing working capital loans to emerging managers building institutional-quality firms. Key takeaways include the importance of context and empathy in investing, why diversity strategies must start early in the capital stack, how GPs should think about firm-building beyond deal-making, and why Regina is optimistic about the rise of innovative capital products and more inclusive asset management over the next three to five years. Also, Michael Podolny of Sidley explores how secondary and tender offer markets have evolved into a standard part of late-stage private companies’ path to IPOs, highlighting who’s buying these shares, how deals are structured, and the legal/structural pitfalls GPs and companies need to navigate…

People in this episode

Hosts: Earnest Sweat, Alexa Binns

Guest: Regina Green

Topics covered

  • diversity in venture capital
  • capital entrepreneurs
  • institutional diversity programs
  • GP fellowship
  • late-stage private companies
  • IPO path
  • innovative capital products

Keywords

  • diversity strategies
  • GP Runway Fund
  • working capital loans
  • emerging managers
  • context and empathy in investing
  • secondary markets
  • tender offers

Mentioned in this episode

Organizations: Goldman Sachs, Catalyze, Sidley

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