Cross-Border LP Introductions
Last reviewed: 27 September 2026
Cross-border LP introductions are one-to-one introductions between a fund manager in one country and limited partners in another — a Nordic manager to US family offices, a US venture firm to Japanese institutions. Private Capital Development is a flat-retainer introducer: you pay a fixed retainer of US$6,750 a month on a quarterly cycle, with 30 days' notice to end it, and there is no success fee, no percentage of any commitment, and no tail. We identify investors whose mandate plausibly fits, ask each one a single question — would you like a meeting? — and hand you the relationship at the first yes. We do not sell your fund, negotiate terms, or conduct diligence.
What is a cross-border LP introduction service?
An introduction is the same act in Stockholm and in Chicago: someone an investor trusts tells that investor about a manager and asks whether they would like to meet. A border does not change the act. It changes three things around it — the regulation you are marketing under, the way the investor's institution decides, and your standing. In a market you have not worked you have no history, and an allocator's first filter on an unknown sender from another country is to assume noise.
The service exists to substitute a standing you do not yet have. What we send is an introduction of a manager, never a solicitation of a fund, and the relationship is yours from the first meeting.
Who it is for
Fund managers raising in a market where they have no relationships. Most are in one of three positions. You are entering a market for the first time — a European manager deciding to meet US family offices, a US manager approaching Japanese institutions. You are raising where you do not know the decision process, and silence reads as rejection when it is usually the process working. Or a percentage of committed capital is the wrong economic fit: an emerging or mid-market fund, a raise that will take a year or more, a budget that cannot carry an open-ended obligation on every dollar you close.
We work across venture, growth equity, buyout, private credit, infrastructure, and real assets — one manager at a time in front of any given investor.
How it works
One manager, one question. Every introduction is about a single manager and asks a single thing: would you like a meeting? No pitch, no deck, no fund document. Materials go out after an investor asks to meet, and they go from you.
Every introduction is sent personally. Each one goes by name, from a named principal, from rmitchell@capitalmobilization.com. Allocators open them because they know who is writing, and because they know what arrives has been read first. Nothing is broadcast.
Every response is recorded. An investor who declines a manager is never approached about that manager again; a decline is a position, and we keep it. An investor who accepts is handed to you, and we step out of the middle rather than sit in it.
What it costs, and who pays
You pay a flat retainer of US$6,750 a month. Billing runs on a quarterly cycle; 30 days' notice ends it. There is no success fee, no percentage of any commitment, and no tail reaching past the engagement. The fee is the same whether one investor commits, several do, or none does.
That structure is the point, not a discount. A fee tied to capital raised rewards closing, and pulls toward whichever investor closes soonest. A fixed retainer rewards nothing except our standing with the allocators we write to — which we lose the moment we send them managers who do not fit.
If you are an investor, you pay nothing and owe nothing — no success fee, no percentage, no obligation of any kind. You can decline any manager with one click, and you will not hear about that manager from us again. You can also tell us what you would like to see, and we will introduce managers who fit it, one at a time.
Markets we have worked
Nearly two-thirds of the LP meetings Private Capital Development has arranged brought together a manager and an LP based in different countries. Our introductions have reached allocators in Switzerland, the Gulf States, the United Kingdom, Germany, Japan, Singapore, the Nordics, Australia and Canada, alongside the United States, and our international programs have run in partnership with industry associations and regional partners. Each market behaves differently: Japanese institutions reward patience and an in-person event that forces a date, and once one commits the market reads the signal; North American allocators take a first meeting virtually. European managers approaching US allocators, and non-EU managers approaching European ones, each work within a specific marketing framework before the first meeting is sourced — see our guides to raising from US investors as a non-US manager and to marketing a fund in the European Union as a non-EU manager.
Market guides: what we see around first meetings in each market, from who allocates to when to go — Japan · Switzerland · the GCC · the United Kingdom. More markets are added as each guide is completed; see all market guides.
What we do and what we do not do
We identify allocators whose mandate, check size, and timing plausibly fit you. We introduce you to them personally, one at a time. We record every response. We tell you what the silence means in that market.
We do not sell or distribute your fund, negotiate terms, advise on the merits of an investment, or handle subscription documents. We do not verify your track record, conduct operational due diligence, or form a view on whether you are a good investment. We screen for readiness and relevance — are you raising now, is the strategy clear, does it plausibly fit what an allocator has told us — and nothing beyond. An introduction is a filter for fit, never diligence.
How this differs from other kinds of introducer
Four kinds of provider make cross-border introductions in private capital. They are usually described as one category, and they are not. We are the fourth.
| Kind of provider | How it is paid | What it requires of you | Where it stops |
|---|---|---|---|
| Prime-brokerage capital introduction | Bundled: the broker is paid through the fund's trading and financing relationship | An existing prime-brokerage relationship, which a private-markets manager typically lacks | At the meeting, usually a conference |
| Success-fee intermediary | A retainer plus a percentage of capital raised, plus a tail | A mandate, exclusivity terms, and a raise large enough to carry the fee | At the close, plus the tail period |
| Platform or database | Subscription or per-seat fees | Your own outreach, in your own name | At the contact record; nobody vouches for you |
| Flat-retainer introducer — what we are | A fixed monthly fee from the manager: no percentage, no tail | A clear strategy and a readiness to take the meeting yourself | At the introduction; the relationship is yours from the first meeting |
The economics of the second row against the fourth are worked through here; the category is defined in full in what a cross-border introduction service is.
Questions fund managers ask
What are cross-border LP introductions?
One-to-one introductions between a fund manager in one country and limited partners in another. The introducer identifies investors whose mandate plausibly fits, asks each one whether they would like a meeting, and stops there. It does not sell the fund, negotiate terms, advise on merits, or handle documents.
What does this cost, and who pays?
The fund manager pays Private Capital Development a flat retainer of US$6,750 a month, on a quarterly cycle, with 30 days' notice to end it. There is no success fee, no percentage of any commitment, and no tail. Investors pay nothing and can decline any manager.
Is this a placement agent?
No. A placement agent is registered to solicit investors and distribute a fund, and is paid a retainer plus a percentage of the capital raised. We make introductions and leave the raise to you, and we are paid the same fixed fee whether or not any investor commits. Private Capital Development facilitates relationships; it is not a broker-dealer and does not conduct regulated fund distribution.
Do you vet the fund manager?
We screen managers for readiness and relevance: whether they are raising now, whether the strategy is clear, and whether it plausibly fits what an investor has told us. We do not verify track records, conduct operational due diligence, or form a view on investment merit. An introduction is a filter for fit, never a substitute for an investor's own diligence.
Which markets do you work in?
Most of our introductions cross a border: nearly two-thirds of the LP meetings we have arranged brought together a manager and an LP based in different countries. We have introduced managers to allocators in Switzerland, the Gulf States, the United Kingdom, Germany, Japan, Singapore, the Nordics, Australia and Canada, as well as the United States. Where we do not already have standing in a market, we say so.
Tell us the market.
Related: What is a cross-border introduction service in private capital? · The flat-fee alternative to a placement agent · The Non-U.S. GP's Guide to Raising Capital from U.S. LPs · The Non-EU GP's Guide to Marketing a Fund in the European Union · Allocators who have met our managers · For limited partners · About Private Capital Development
Educational content only. This page was researched and drafted with AI assistance, reviewed for accuracy before publication. It explains publicly available regulation for general information, current as of the "Last reviewed" date shown above. It is not legal, tax, or compliance advice — U.S. securities law and EU marketing law each require qualified counsel, and nothing here substitutes for either. Private Capital Development LLC is not a law firm and is not a broker-dealer, and does not conduct regulated fund distribution in the European Union or the United States. PCD facilitates relationships between fund managers and institutional investors, on a flat-fee retainer.
Private Capital Development, a Benefit LLC, is a Maryland-based firm founded in 2018 that connects private capital fund managers with institutional allocators through personal, one-to-one introductions. Capital Mobilization is the name of its capital-introduction practice.