Heller: Cordillera requires viable exit markets to exist at underwriting
Chris Heller · Chris Heller - Weird Alternatives at Cordillera Investment Partners (Manager Meetings, EP.28) · Mar 24, 2022 · at 33:29
Chris Heller, co-founder of Cordillera Investment Partners, explains the firm's underwriting discipline when investing in non-traditional, niche alternative assets.
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“When we underwrite a deal, we have to know exactly that there's a viable market to exit that deal today. It can't be, hey, look, this is a great idea. Let's invest in it now and figure out if five years, six years down the road, something will develop to sell it to. We cannot invest in anything like that. This is not a venture fund. We have to know today and our base case has to be an exit that exists today and it is viable and probable.”
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