fundless sponsors
3 statements across 2 episodes · 2 bullish · 1 bearish · 2 people on the record · first statement Dec 10, 2018 by Brent Beshore · across every show →
Everything said about fundless sponsors, oldest first
Dec 10, 2018 negative
Beshore: Competitors inflate bids by 30-40% with no intent to close
“Oftentimes we'll lose deals because other groups will come in and throw out a valuation that's 30, 40% higher than ours. They have no intention of ever closing. And on top of that, if you're a fundless sponsor, you don't even raise the capital yet. You haven't…”
Sep 18, 2023 positive
Muthiah backs fundless sponsors to solve for private equity unfunded leverage
“Fundless sponsors in today's market, mostly because it solves for private equity exposure without the unfunded commitment leverage, and as does co-investments. So for us, it's more driven by solving for unfunded than fees.”