private equity funds

“It's much easier to do that if you invest in funds when they're small, when the alignment is high, when they can buy businesses more cheaply. If you're investing at fund five or six when there's a really stable business, often the life cycle on the strategy is…”

“And when they look to the traditional private equity funds or infrastructure funds to see if there are exciting products there, they don't see any because the fee structures are too high for the underlying assets. They won't, those assets won't support a two a…”

“I think there's more leverage in the market than people realize, and we just, no one has yet sort of cogently spoken about it, but there's, it's a lot of little things that actually together add up to a lot, and so, you know, like all this stuff with the, with…”

“There's a statistic that says that since 2000, there's 500 companies that have been owned consecutively by three or more private equity fund, which means that those company would continue to do really well in the private domain, have been owned now for 1215, 1…”

“Organizational expenses have gone up. You know, you're seeing three million dollars for a fund for They've already done all the docs, and so now all of a sudden you're using private planes, you're using things like that.”

“So we allocate to 20 external hedge funds We allocate to over 90 external and private equity funds, and internally we have 28 portfolio managers and 17 kind of strategies or netting units”

“My job before Harvard Business School was working for Prudential Insurance Company, and Prudential Insurance Company was the biggest institutional investor investing in the very first private equity funds.”

“With a 120 trillion dollars, their capital flows out into the hedge funds, the mutual funds, the private equity funds, the venture funds.”

“I think there's a lot of investment professionals at these organizations that believe that if they reported it to the stakeholders wouldn't let them pursue the strategy that they believe in their heart of hearts is needed to meet the obligation of the plan. So…”

“So some of the leagues require that a fund have at least 10 years left in its term to be considered for approval.”

“Nobody, well, except the smallest funds, nobody has a fund that doesn't have a huge international component.”

“Absent capital C cause gross negligence, you can't remove a collateral manager. You can always sell your security. By and large, the vast majority of CLOs Have these ironclad contracts, which in a private equity fund or a hedge fund would not be tolerated.”

“We do, on average, 300 to 500 hours of due diligence on the average private equity fund, for example. So later in the due diligence, we learn that, but also from references. We do a ton of reference. Typically, 20 references”

“He said, while illiquid markets provide a much greater range of mispriced assets, private investors fare little better than their marketable security counterparts, as the extraordinary fee burden typical of private equity funds almost guarantees delivery of di…”

“Whether it's banks or fund selling, we're going to see opportunities where venture capital and private equity funds are winding down. They're at their ten-year Limit. Maybe they can get another year. They're gonna have to sell things.”

“Starting with when the leak occurred, we got a bunch of inbound calls from private equity funds saying, if this is true, we want in.”

“And by the way, the private equity funds, I think they're sitting on about three trillion dollars worth of companies that they have to sell. To pay off the investors.”

“The more co-invest you do, though, the harder the model gets, because you have to assume a sale of that co-invest, and it removes itself completely, unlike a private equity fund where you're calling down over time and you're distributing over time.”

“We started with deeply distressed assets, which fit squarely into our private equity fund. We had a large private equity fund at the time. It had just been raised, so basically undrawn.”