FRE
topic on 2 shows · 2 statements across 2 episodes
Invest Like the Best 
Capital Allocators
2 statements about FRE, every show
Alternative Asset Manager FRE Multiples Expanded From 10x to 30x
“These things for our industry started, you know, traded between in, let's say, early 2010, call it 10 to 15 times FRE. In 2018, when all this started, it stepped up to call it 15 to 20 times, obviously depends on the comp set. And before this current moment, w…”
Lyon: Direct lending growth is driven by asset managers chasing fee-related earnings
“Now what you're seeing is those businesses are attached to a lot of very large alternative asset managers, many of whom trade on FRE. A good way to create FRE is to take several billion dollars of loans and charge one percent on them. That's what you're seeing…”