sovereign wealth fund

“I had one sovereign wealth fund say, oh, we'd like to give you a billion dollars to manage a long, short financial fund. And I said, well, that's great, but I can't do that.”

“We don't have inflows of capital. So an endowment, an insurance company, a sovereign wealth fund, they're always putting money, new money to work. We don't have any new money. We just have existing money.”

“First, we've noticed that slightly more mature GPs that might have two or three billion in AUM are still interested in this value proposition because if they can get a catalytic investment from their ideal client base, which is large pensions and sovereigns gl…”

“We find them to be more understanding in periods of underperformance because they are so long-term and they have less pressures in terms of clients or stakeholders that some of the other LP segments might have.”

“With institutions that hire law firms like Kirkland and Ellis and large financial advisors, does a large sovereign wealth fund need ultra protection to negotiate against a private equity institution? They know what they're doing, and they can hire people to un…”

“It's a pension fund is not levered. So it's one of the only pools of capital on the planet that doesn't actually have balance sheet leverage. So you're talking about a public pension funds, endowments, and sovereign wealth funds. These are the unlevered pools …”

“There were some astounding statistics that I saw from Of something like sixty-five billion dollars in assets got allocated from the four large bulge bracket banks to, say, private equity, private credit, and infrastructure funds. And you could compare that to …”

“We work with some advisors that I think are more sophisticated than some of the big sovereign wealth funds and pension plans we work with. On the flip side, we work with some advisors that have never allocated to anything other than public equity and public fi…”

“One of the things that happens when you get larger is that the required rates of return of larger and larger pools of capital are a little bit lower. So if you're a very large sovereign wealth fund or your UBS platform or JP Morgan private bank, and you need a…”

“If you're talking to sovereigns, you better have something strategic. You better have some reason why it benefits the country. Better look through and say, hey, this is why your nation benefits.”