Paul Salem

Chairman of the Board, MGM Resorts International · 1 appearance on the record.

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investorexecutivefounderLinkedIn ↗salemcap.com ↗

Salem spent 27 years helping build Providence Equity Partners into a $50+ billion asset manager, establishing its London office and launching Benefit Street Partners. Today, he serves as Chairman of the Board of MGM Resorts International and leads investments through his family office, Salem Capital Management.

28statements → 16claims → 6claims resolved → 83%fully supported → 3.86/5average certainty → 2.14/5average debate potential → ≈4.0/5argument clarity, estimated → 2said about them ↓

5 supported 0 partly supported 1 contradicted 10 not checkable as stated how the 16 claims stand · each chip opens the sources

4 predictions · 12 assertions · 4 opinions · 6 insights · 2 disclosures · every statement was checked. The predictions and assertions are the 16 claims: statements the public record can support or contradict. 6 are resolved, and 10 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Paul argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Salem: Providence cut thousands of idle workers at Eircom
“And so we had to get rid of thousands of workers who literally just weren't doing anything.”
Paul Salem Feb 1, 2021 ▶ 34:22 Private Equity Masters: Paul Salem – Providence Equity Partners (Capital Allocators, EP.175)

Their most notable contradicted claim

Assertion Contradicted
Salem: No Specialist Private Equity Firms Existed in London in 1999
“Back in 1999, there were no specialist private equity firms, and so we were fishing in a pond that was just ripe for pickings”
Paul Salem Feb 1, 2021 ▶ 21:04 Private Equity Masters: Paul Salem – Providence Equity Partners (Capital Allocators, EP.175)

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
none yet certainty 3
75% certainty 4
100% certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Paul Salem on measured tape to publish a rate. This says nothing about how they speak.

Everything Paul Salem said on Capital Allocators that made the record, most notable first. Filter by type, assessment or year in the ledger →

Disclosure
Providence Equity historically charged a 25 percent carried interest rate on funds
“We used to have a 25% carried interest”
Paul Salem Feb 1, 2021 ▶ 30:41 Private Equity Masters: Paul Salem – Providence Equity Partners (Capital Allocators, EP.175)
Assertion Supported
Salem: Providence made 2.3x on Eircom over 2.3 years
“We made 2.3 times our money, and turns out it was coincidental when we took it public again in 2.3 years in the company.”
Paul Salem Feb 1, 2021 ▶ 34:46 Private Equity Masters: Paul Salem – Providence Equity Partners (Capital Allocators, EP.175)
Assertion Supported
Salem: Providence Equity was first PE firm to sell GP stake to Dyal
“We were the first firm to ever do a deal with Dial Capital as a private equity fund, and we did a deal where we sold A percentage of the general partner to a few LPs and to dial capital, and we didn't take the money out of the business.”
Paul Salem Feb 1, 2021 ▶ 39:53 Private Equity Masters: Paul Salem – Providence Equity Partners (Capital Allocators, EP.175)
Assertion Supported
Salem: MGM Resorts Furloughed 63,000 Employees During Pandemic
“We had a furlough of 63,000 employees”
Paul Salem Feb 1, 2021 ▶ 54:15 Private Equity Masters: Paul Salem – Providence Equity Partners (Capital Allocators, EP.175)

The other half of the tape: Paul Salem's own voice is left out of every number here. Other people bring the name up 2 times in 1 episode on Capital Allocators. every mention, with the transcript →

Who brings them up most Ted Seides 2

Every mention by year

tap a year for its mentions
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0112021episodes it came up in
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Appearances (1)

EpisodeDateSpeaking time
Private Equity Masters: Paul Salem – Providence Equity Partners (Capital Allocators, EP.1 Feb 1, 2021 42m
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