software

“And we met, and we just had this mind meld around, like, this next era of computing, and that is, all systems, all software will become intelligent software.”

“The reason I like consumables, just to take a step back, is it has a lot of attributes similar to software, where it's generally recession resistant, it's not cyclical, and it has a very high replenishment rate.”

“Precision instruments, information services, software, these are industries where most participants out earn their cost of capital over extended periods, because there is something about the business, the industry itself that just allows for exceptional return…”

“And I realized that none of them, like any in that period of time, none of them are really thinking about software as an area of investment. Some may have had one or two software investments, but they were thinking about technology broadly, and at that time, t…”

“You can buy recurring revenues in software less expensively than in any other category that Toma Cressy or Toma has looked at. Transaction processing, media, radio in the days, outdoor advertising.”

“The market went from being heavy risk on to heavy risk off in those particular sectors, and probably was way overbought, and now it's probably way oversold.”

“Is the sector, when they say they're in infotech or software, it's so vast that the drivers of return, the drivers of what will make, the industry will not rise or fall. The multiples may in the public markets because they lump them in together, but the indust…”

“In this decade, we think there are classes of companies out there that offer human capital services that are highly specialized, that have pricing power, that have the ability to generate very attractive margins, that are incredibly asset light and very capita…”

“Largest sector of us bias is software.”

“And even within buyout, we were adding software for a long time. We've been doing a little less than that recently.”

“We've spent a lot of time making sure that we have sub 10% of our direct lending business in that space”

“You do have 30% of direct lending in the software space.”

“If you think about economic, 80% gross margins, they're not going to last forever. Someone's going to try to figure out how to attack them.”

“In last month, we put almost ten billion dollars to work in software.”

“Look at software today. We feel that it's a very intriguing area. These established businesses, but 10, 12 times earnings and folks feel they're completely going out of business. There's no sign of that. Not only that, they're growing 20% in some cases, and yo…”