operating partners

“And of the 10 operating partners, three were good, three were mediocre, four were not so good. Not because they were bad. They just didn't want to work.”

“Today, the way that we structure is we will, the fund, our funds and our LPs will get a revenue share in that business. So we will get the return of the assets themselves. And then if the operating partner can build a big business around that, our LPs will ben…”

“We've incorporated operating partners who are full members of our investment committee and in our carry pool and joined at the hip with us.”

“I thought instead of thinking of that network as operators who need tremendous oversight and who you don't give much discretion to, you could essentially upgrade To a network of people you think of as investors, whose judgment you trust, who invest their own m…”

“Probably the biggest difference is they're not full partners, and sometimes they're not in the full partner meetings, and they don't have the check writing capability in that if there's a follow-on or some financing, they have to go back to the partner group o…”

“75, 70% of the time when we buy a company, we're putting in one of our operating partners as the CEO. The other 25, 30%, we're back in the incumbent management team.”

“If you look, the last two funds, operating partners invested a hundred million dollars. They're paying full fees, full carry.”

“That seat is not a seat for every kind of operator to sit in because you have to be open. You have to be non-threatening. You have to be collaborative. You have to give off all of those personal qualities in order for the person that you're talking to give you…”