Johnson: Astra prefers utilizing co-investments over raising larger funds for $100M deals
Mark Johnson · Innovation in Private Markets 2: Mark Johnson – New Leaders in Private Equity at Astra (Capital Allocators, EP.193) · May 6, 2021 · at 40:31
Mark Johnson is the Managing Partner and Co-Founder of Astra Capital Management, discussing the firm's fund scaling strategy with Ted Seides.
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“We bring a lot of co-invest into our deals today because what we're really trying to do is perfect the art of doing the types of deals that we do. And regardless of the size of our fund at a given time, what we want to do are a handful every year of great deals that sort of fit that hundred-ish million dollar equity check size. So think of us as investing what would feel like a billion dollar equity fund if we did it a hundred percent All equity out of our fund at any given time, and not looking to grow aggressively, but looking to perform exceptionally.”
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