JF 4114: The Four L’s, Big Lessons and Bigger Goals for 2026 with Richard McGirr

Richard McGirr walks listeners through his 2025 retrospective using the “four L’s” framework—what he loved, learned, lacked, and longed for. He explains how abandoning distractions and doubling down on a single, high-performing debt fund produced seven to eight consecutive record-breaking months and over $24 million raised. Richard breaks down how this focus created operational mastery, recurring revenue, and a repeatable monthly closing machine that freed him and his partner to work on the business rather than in it. He also shares hard-won lessons about integrity, contracts, and protecting yourself in an industry where big dollar figures can test people’s promises. Richard then turns to his biggest breakthroughs of the year, including finally cracking how to identify, mentor, and launch high-potential fund-of-funds managers—leading to a standout case study of a new FOF raising $1.2 million in its first month. He closes by outlining what he lacked in 2025 (dedicated in-house accounting) and what he’s pursuing in 2026: co-GP relationships with top-tier debt funds, airtight long-term contracts, diversification, and a major scale-up of both direct raises and FOF-driven capital. Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com with code BESTEVER Start earning passive income today at gsprei.com/bestever Alternative Fund IV is closing soon and SMK is giving Best Ever listeners exclusive access to their Founders’ Shares, typically offered only to early investors. Visit smkcap.com/bec to learn more and download the full fund summary. Join us at Best Ever Conference 2026! Find more info at: https://www.besteverconference.com/  Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at⁠ ⁠⁠⁠www.bestevercommunity.com⁠⁠ Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices