Virginie Morgon, CEO of Eurazeo, discusses holding periods and returns in private equity, citing Eurazeo's long-term investment in luxury brand Moncler.
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“Montclair is the age of my fourth child. So Montclair is the age of Alice, nine years. I closed down the day after I gave birth, and then we sold the last stake that we had in Montclair. She turned nine. So we've been holding that investment, exiting progressively, of course, IPO, and then some exits, but nine years, and we made over five times our money.”
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Insight
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“It's not because you disappear for two months and a half that you can't get The same promotion, the same pay rise, because if you deliver in nine months while others deliver in 12, then good for you.”
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