Chad Hutchinson, partner at Arctos Partners, describes retiring from professional football at age 28 to start over as an entry-level private equity analyst.
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“I was NFL quarterback one year, and then I was crunching spreadsheets, hundred-hour work weeks, making coffee the next year, making no money.”
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More from Chad Hutchinson
AssertionSupported
Hutchinson: Arctos is the only group cleared across four major leagues
“And oh, by the way, they're the one group that can go invest in four, the five big five leagues here in North America and sit across platforms and leagues and help these teams like the Utah Jazz build their version of this platform in Utah and the Rockies.”
Chad HutchinsonNov 20, 2023▶ 42:51Chad Hutchinson – Professional Athlete to Professional Investor in Sports (EP.351)
Insight
Hutchinson: Private equity firms rarely focus on building everlasting organizations
“And I tell you what, private equity, honestly, they're great investors, but it's not of the mindset oftentimes to build like everlasting organizations and to be a part of a firm that is like that from day one, that has been part of the mindset.”
Chad HutchinsonNov 20, 2023▶ 43:35Chad Hutchinson – Professional Athlete to Professional Investor in Sports (EP.351)
Opinion
Hutchinson: Negative Biases Against Athletes in Finance Outweigh Access Benefits
“The benefit is you get access to people and things that you may not have gotten given what you've done. But the flip side of that is the other things that are probably negative, and I hate to say this, far outweigh what you actually get positive.”
Chad HutchinsonNov 20, 2023▶ 30:54Chad Hutchinson – Professional Athlete to Professional Investor in Sports (EP.351)
Opinion
Silicon Valley tech workers peaking at age 35 is a tragedy
“Like, I think some of the greatest tragedies I've seen in Silicon Valley is folks that peak when they're 35.”
Chad HutchinsonNov 20, 2023▶ 32:00Chad Hutchinson – Professional Athlete to Professional Investor in Sports (EP.351)
Insight
Hutchinson: Contractual debt protections are limited without good partners
“When things go wrong, There's only so much protection that you can build into these type of instruments. Part of it is you just have to have good partners.”
Chad HutchinsonNov 20, 2023▶ 34:35Chad Hutchinson – Professional Athlete to Professional Investor in Sports (EP.351)
AssertionNot checkable as stated
Hutchinson: Sixth Street Mimics Goldman Sachs' Special Situations Group Model
“They built a business that is mimicking the balance sheet of the special situations group at Goldman Sachs. Pricing any risk up and down the capital structure.”
Chad HutchinsonNov 20, 2023▶ 35:58Chad Hutchinson – Professional Athlete to Professional Investor in Sports (EP.351)
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