Lime Rock Partners
also referred to as: lime rock
7 statements across 2 episodes · 4 bullish · 0 bearish · 4 people on the record · first statement Dec 18, 2023 by Gary Sernovitz · said 5 times in 2 episodes since 2023 · across every show →
Mentions by year
brought up most by John Reynolds (2), Gary Sernovitz (2), Ted Seides (1)
tap a year for its mentions
2025 2 mentions in 1 episode
2023 3 mentions in 1 episode
Everything said about Lime Rock Partners, oldest first
Dec 18, 2023 neutral
Sernovitz: CIOs Must Evaluate Fund Managers Through Heavily Controlled Interactions
“And I think one of the great challenges on the CIO side is your job is to figure out systems input hunger, the soul of these people pitching you, but you're seeing them in very controlled context for the most part.”
Dec 18, 2023 neutral
Sernovitz: Managing investments and managing people require entirely different skill sets
“Managing people and managing investments are not the same side of your brain. There's no a priori reason that someone should be skilled at both. And maybe there's, in fact, the opposite. If you're an analytical, quiet person, you actually don't want to manage …”
Dec 18, 2023 positive
Sernovitz: Lime Rock founders had zero buy-side experience before managing $10B
“They started the firm when they were 28 and 30. They had never worked in private equity. They never worked on the buy side. So to see how you invent a culture, invent a private equity firm, it's amazing you're allowed to do that in this world, and ten billion …”
Jan 20, 2025 positive
Farber: Lime Rock avoids aggressive debt, relying on heavy hedging
“And I think one of the calling cards of Lime Rock as an investment organization is we're reluctant to use aggressive leverage structures. We used leverage less aggressively, and when we did have leverage, we used hedging aggressively to ensure that we had the …”
Jan 20, 2025 positive
Farber: Lime Rock funded CrownRock land buys by selling packages to MLPs
“We sold a number of packages early on in the investment to MLPs, to these production-based partnerships that were public trading at good values, and we were able to lock in a lot of capital to cycle into land over time, and that's how we kept the initial inves…”
Jan 20, 2025
Jan 20, 2025 positive
Reynolds: CrownRock used mutual ownership rather than tiered PE waterfalls
“This was not a term sheet that said, hey, under certain circumstances, the management team take is X percent of the profits, and above that level, it's Y percent of the profits. It was a mutual ownership structure from day one, where the management team and th…”