Jorge Felippe
CEO of Almulla, a Dubai-based single family office focused on private markets and governance; experienced in disciplined fund underwriting, alignment with managers, and building multigenerational governance frameworks.
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Mar 19, 2026 • 32min
E328: Why Most Funds Get Rejected in the First Five Minutes
Jorge Felippe, CEO of Almulla and builder of multigenerational private markets portfolios, explains why alignment and governance dominate fund selection. He covers quick rejections, why small GP commitments are red flags, how fund size and fees shape incentives, the edge of fund-ones, and using funds and fund-of-funds to balance early-stage upside with liquidity.
