The Ledger, every show

“We are 50th best performing out of 50, and so there's a lot of desire to help fix that and move it up the curve that is really appealing to certain people.”

“Energy secondaries were on sale. Some of them are trading at 20, 25 cents on the dollar because the owners don't care. They must get rid of them, and there are not many natural buyers of them.”

“47 other states have gone away from this model. The three that are left are Connecticut, New York, and North Carolina.”

“Many endowments at that time were essentially where alumni went to retire after a successful career, and they put in some stocks and some bonds, and they didn't really do a whole lot, and so that profession was evolving massively at the time, in part the tech …”

“Many of the endowments were invested heavily in hedge funds that shorted the tech rec in 2001.”

“Private credit by early twenty-twenty-three, a lot of people were talking about it, but not a lot of people were doing things about it. By early twenty-twenty-four, they had. But you had a full year where you could deploy at 11, 12% First lien in new buyouts, …”

“It's roughly 48% in aggregate equity exposure, including some private equity, but mostly public equity, and 52% investment grade fixed income. There's some other pieces in that, but largely investment grade fixed income. There's about seven and a half percent …”