AUM growth

2 statements across 2 episodes · 0 bullish · 1 bearish · 2 people on the record · first statement Aug 13, 2021 by Wylie Fernyhough · across every show →

Everything said about AUM growth, oldest first

Aug 13, 2021 neutral
Assertion Supported
Fund sizes and AUM do not accelerate after selling a GP stake
“On the AUM side, I was actually surprised to see that step ups and AUM growth didn't expand at the same rate that I thought it would. So step ups actually were the same, if not slightly lower after selling a stake.”
Wylie Fernyhough Aug 13, 2021 ▶ 28:47 Wylie Fernyhough – Private Equity Stakes (Capital Allocators, EP.208)
May 18, 2026 negative
Insight
Expanding AUM to satisfy employee career ambitions often dilutes investment returns
“There are definitely times where both forms of growth can dilute the returns and lead to a drift in strategy relative to what made the firm successful initially. That's driven by the fact that you had people who wanted to grow their careers, but there hadn't b…”
Josh Steiner May 18, 2026 ▶ 40:00 Making Mistakes – Josh Steiner (EP.502)
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