permanent capital

4 statements across 4 episodes · 2 bullish · 1 bearish · 4 people on the record · first statement Jul 22, 2021 by Bill Ford · across every show →

Everything said about permanent capital, oldest first

Jul 22, 2021 negative
Disclosure
Ford: General Atlantic does not need permanent capital or GP stakes
“So far, we've concluded that we don't really need it, that we have sufficient capital in the business to grow, to add talent, to add offices like you talked about before, to add sectors.”
Bill Ford Jul 22, 2021 ▶ 28:42 Bill Ford – General Atlantic (Manager Meetings, EP.03)
Jul 26, 2021 positive
Assertion Contradicted
Owl Rock Pioneered Institutional Permanent Capital for Direct Lending
“When we went out to raise permanent capital, it had only been raised retail. Nobody had really done it institutionally.”
Doug Ostrover Jul 26, 2021 ▶ 41:38 Private Equity Masters 6 – Doug Ostrover – Blue Owl Capital (Capital Allocators, EP.205)
Oct 31, 2022 neutral
Disclosure
Rees: Dyal operates permanent capital funds with zero investor redemption rights
“We look like a private equity fund on the way in, we get commitments from investors, we call capital to do deals, but we never plan on selling a partnership or ending a partnership, and we really don't ever have a way for investors to elect to redeem. There's …”
Michael Rees Oct 31, 2022 ▶ 45:13 Michael Rees – Inside GP Stakes at Dyal Capital (Capital Allocators, EP.278)
Feb 13, 2023 positive
Opinion
Feliciano: Permanent capital is the most interesting structural trend in private markets
“The most interesting trend out there that we have to think about is the different versions of permanent capital, and that can be in a waterfront. There's a version of permanent capital that could be partnering or doing something with an insurance company that …”
Jose Feliciano Feb 13, 2023 ▶ 1:01:55 José E. Feliciano – Flexible Private Market Investing at Clearlake (Capital Allocators, EP. 297)
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