How AI is Reshaping LP Operations | Narayan Chowdhury (Franklin Park)

In this episode of Mantle Mondays, Amar Varma sits down with Narayan Chowdhury, Co-founder and Managing Director at Franklin Park, for an in-depth conversation about how AI is fundamentally transforming institutional investing and what it means for LPs navigating this transition.Narayan brings a unique perspective as both a technical builder and an institutional investor. From writing code to selecting venture managers, he shares candid insights on the challenges and opportunities facing LPs in 2026, including why firms built in the pre-LLM era face a critical dual pivot, how the cost of operations is trending toward zero, and why experience still matters in an increasingly automated world.Learn more about Franklin Park: www.franklinparkllc.comLearn more about Mantle: www.withmantle.com0:00 - Narayan's background7:00 - What is Franklin Park?14:03 - Franklin Park's philosophy17:21 - How AI is transforming LP operations26:26 - The dual pivot problem29:35 - The Goldilocks paradox34:03 - Advice for aspiring LPs39:14 - Rapid fire42:18 - Life lessons from hockey and closing thoughts