alternative asset managers

“You could probably count on one hand the types of firms that can snap their fingers and hit their hard cap.”

“I think you're going to see what Angelo Gordon did with TPG is the beginning of a massive wave of this. There's a lot of mergers that are going to take place.”

“Almost none of my clients understand the amount of money and time it will take to do true consumer marketing.”

“If this space is going to go through consolidation because firms need to figure out who they want to be, they either need to be really big or really niche. What happens to the middle? What happens to that ten billion dollar manager, thirty billion dollar manag…”

“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…”

“Ultimately, we will see more partnerships between traditional asset managers and alternative asset managers that create structures like collective investment trust to be put into target date funds and for one K plans that have a mix of Liquid traditional inves…”

“There's only a handful of alternative asset managers that have the scale To go public, and the vast majority of them are public already.”