oil and gas

“Well, I think one thing we've done is gotten rid of the target for oil and gas, which doesn't mean we can't do it. We can, and we have some managers we really like that we think hit the hurdle, but they have to compete against the rest of portfolio, and they h…”

“We stayed away from oil and gas primarily because as we thought about it, there was, you were primarily taking commodity price risk. And that's a hard thing for us. Well, impossible thing for us to control. And so the tools of restructuring our value biased ap…”

“I think we've decided that very commodity oriented cyclical businesses don't work in a private equity setting very well. It doesn't help that everybody also just hates oil and gas and you're better off in more nimble vehicles where you can get in at the right …”

“I think where you worry about concentration in an industry is where there is one thing that happens. So if I'm concentrated in banks, well, they rise or fall kind of at the same time. If I'm in, natural resources was a big thing. Everyone was in oil and gas fo…”

“The operating reactors and those that are under construction and have licenses are very, very well defined. You know about them five, if not 10 years in advance. You know about decommissionings because of the impact on the grid multiple years in advance. So yo…”

“I was thinking about returning to my roots of energy. Spent a lot of time in Houston, a little time in New Orleans, et cetera. And talked to a lot of oil folks, love the business, and couldn't raise money for it. I talked to the 17 or so sovereign wealth funds…”

“Carbon will be a commodity that rivals oil and gas in scope and scale, and you need to be ready for that.”

“The loss to Harvard by not investing in a sector of oil and gas over the last eight, 10 years is very meaningful because it was a target rich environment for returns that go to support the financial aid for students.”

“Similarly, we no longer do funds dedicated to the extraction of oil and gas.”

“Utilities and oil and gas and life insurance and auto parts and auto OEMs, which are all not good businesses.”