EP 268: From $11 Billion to Main Street: Aleksey Chernobelskiy’s LP Playbook

by | Jun 26, 2025

Aleksey Chernobelskiy advises limited partners (“LPs”) on existing and future investments. He’s also the founder of http://www.gplpmatch.com, a platform which allows LPs to see deals that match their specific investment criteria right in their inbox immediately after a GP submission. Aleksey writes weekly to 8,000 investors at http://www.LPlessons.co to explain how to properly vet and think about LP investments in the grand scheme of their portfolios. Aleksey also helps General Partners on matters relating to LPs, such as capital calls or feedback on investment decks.

 

Prior to advising LPs, Aleksey ran STORE Capital’s $10 billion commercial real estate portfolio and oversaw the firm’s underwriting team. Aleksey graduated from University of Arizona with a quadruple major – Finance, Mathematics, Economics, and Accounting.

Recommended articles:

  1. Top 15 syndication mistakes – http://www.lplessons.co/p/top-15-syndication-mistakes

  2. 26 questions to ask your GP –  http://www.lplessons.co/p/26-questions-to-ask-your-gp

  3. Do sunk costs matter in capital calls? – http://www.lplessons.co/p/do-sunk-costs-matter-in-capital-calls

RANDY SMITH

Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at http://www.impactequity.nethttps://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

[00:00] Intro

[01:40] Current Market

[03:29] Aleksey's Background

[09:19] LP's in Investing

[15:35] Due Diligence

[18:10] Deal Structure

[23:32] GPLP Match

[28:26] Fundraising

[30:40] Education and Resources

[36:00] Bucket List

[38:48] Outro

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