Brolin: Edenbrook Capital has turned down more capital than raised
John Brolin · Jonathan Brolin – Edenbrook Capital (Manager Meetings, EP.14) · Oct 7, 2021 · at 40:45
John Brolin, founder of Edenbrook Capital, discusses his disciplined fundraising approach and selective LP onboarding strategy.
0:00 / 0:04exact quote · 4.3s
720p mp4 · rendered on demand · StarZero watermark
“We've turned down more capital than we've raised because people are not great fits for it.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from John Brolin
Brolin: Cash is a costless option that beats drag
“Cash to me is a costless option. People say, oh, it's such a drag. It's such a drag. I don't think it is. I mean, you've seen those situations we've had where something we have falls 40% on earnings. If you have a 15% position and it falls 40%, now it's a nine…”
Brolin: Suburban Office Shields Edenbrook From New York Hedge Fund Groupthink
“We're out in the suburbs. Why? A, it's close to my house and I like that, but also we don't get polluted by other people's ideas. We're not going to ideal lunches all the time. Our big idea is what are we going to have for lunch today? That's part of the proce…”
Brolin: Wall Street average net cash is around two percent
“But I think the average net cash position across all of Wall Street right now is about two percent. So there's not exactly a lot of dry powder.”
Brolin: Edenbrook Separates Research From Portfolio Sizing to Avoid Performance Bias
“I've intentionally separated research from portfolio management. And so we just don't have those discussions. It's much easier not to fall into those traps of defending something that's down too much or being gun shy about being asked about it if you never hav…”