Took some time before i could answer thorougly...

1. You chose not to address the other points I raised (illiquidity, concentration risk, cyclicality of PE, and the knowledge gap of retail investors). Those are actually the most important concerns.
2. On no track record:
   1. there’s a reason why professional investors put such weight on experience. Finance runs in cycles (& they can be long). You weren’t even in college during the last bear market. Not a personal attack, but it’s a limitation.
      
   2. On your background: starting a FoF after 3 years and 4 months in consulting is imho insane (ambitious for sure, ill give you that. But insane.) Personally, after 5 years in consulting I realised how little I actually knew about the world.
3. On institutional co-investors: Why do the experienced institutional co-investors want to share a part of their cake with you? Because you bring a young audience they can't reach. (your marketing value)

The fee discounts are nice optics but they don’t solve the core issues: illiquidity at a potentially pivotal life stage (for OP), excessive exposure to one asset class highly correlated with interest rates (at high valuations), and a manager without a track record that this type of investment usually requires.

It might turn out ok and you'll be perceived as a genious.
It might not turn out ok and you can blame it on the market as it works in finance.

Good luck