6x 6lock
6LOCK TEAM • Aug 31, 2026
Kirkland & Ellis

Episode 12: 16 Years as an LP: The Fundraising Truth First-Time GPs Need to Hear

Before Brian Bank ever set foot inside a law firm, he spent 16 years as an institutional limited partner — committing capital to funds, sitting on LPACs, and reviewing more than a thousand fund pitches. Today he's the head of Strategy and Client Relations for the Investment Funds Group at Kirkland & Ellis, the highest revenue-generating law firm in the world.
Fund Formation
Opportunity Cost
Legal
Kirkland & Ellis
Brian Bank
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In this episode...

That combination is rare. And in this conversation, he holds nothing back.Brian joined 6lock CEO Todd Sorrel and Mike Langford to cover the full arc of what it takes to launch and grow a private equity fund, including:

• The rookie mistakes that kill first-time fund managers before they ever reach a first close (including the non-compete clause trap no one talks about)
• What LPs are actually thinking when you walk in to pitch — and why your deck is probably too long
• Why showing up in person still matters — the Alaska Permanent Fund / Juneau test
• Continuation funds and why they now account for roughly 25% of all private equity liquidity
• The retail and wealth channel opening up to private markets — and the cautionary tale that comes with it

Chapters:
3:55 He Sat Through 1,000+ LP Pitches — Now He Helps GPs Launch Their Funds
24:10 The Firm That's Seen More Fund Launches Than Anyone Alive
31:55 Rookie Mistakes: What Many First-Time GPs Overlook
40:20 What Makes LPs Say Yes?
50:27 The $30 Trillion Wealth Channel Is Opening to Private Markets — Are You Ready?

Connect with Brian Bank
LinkedIn: https://www.linkedin.com/in/briandbank/
Kirkland & Ellis: https://www.kirkland.com/staff/b/bank-brian
Kirkland & Ellis on YouTube: ‪@Kirkland_Ellis‬

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