Private Equity Industry
topic on 2 shows · 9 statements across 9 episodes
Capital Allocators 
the a16z Podcast
9 statements about Private Equity Industry, every show
Rowan: 30% of private equity capital went to enterprise software last decade
“30% of the private equity industry over the past decade has been devoted to enterprise software.”
MacArthur: Co-investments now account for 30% to 40% of all PE capital
“Now, co-investment is about 30 to 40 cents of every dollar that's invested in the industry.”
Multiple expansion drove half of private equity returns over the last decade
“So if you look at the private equity industry, the data tells you that over the last decade, half the returns came from multiple expansion.”
Seides: SPACs will not be the next big PE liquidity solution
“And SPACs will not be the next innovative solution. They were just far too maligned from the last cycle, but it is a potential exit route for certain companies.”
Connaughton: Bain Capital was first to recruit PE talent out of college
“Honestly, we were the first ones to really start recruiting right out of college or certainly right after a couple of years in their first job, and I think getting people in early to really get the mentorship and training From people more experienced over a lo…”
Khajuria: Private equity lobbying is no worse than other corporate sectors
“And I don't think that lobbying is so by implication, so out of control that it has to be reined in for this industry versus either reined in in general or looked at from a broader perspective.”
Giannini: Private Equity Chases Shiny Trends Rather Than Building Portfolios
“You're hearing portfolio construction, which is not what this industry talks about. This industry is nothing if not the chaser of the shiniest ball that comes in the room.”
Connaughton: 80% of Bain Capital staff have consulting and operating backgrounds
“I mean, I think that 80% of our people come from consulting and operating backgrounds. It's like the inverse of the rest of the industry, where 80% come from finance and investment backgrounds.”