The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

Assertion Supported
PE exits average a 28% valuation pop over prior carrying value
“What we did was we went back to 2005 to 20 22, and we looked at over a thousand companies, and we asked ourselves, when a private equity company exit, what does it exit at relative to what it was carried at two quarters prior? And the answer is, it pops 28%. S…”
Yann Robard Jun 17, 2024 ▶ 25:58 Yann Robard - Liquidity Solutions for Private Capital at Dawson (EP.392)
Assertion Supported
PE IPO exits average a 42% pop versus 25% for M&A
“On exit, M&A on average is 25%, and IPOs are 42%, POPs, which would suggest that public markets pays more for assets on the exits than M&A does, corporates.”
Yann Robard Jun 17, 2024 ▶ 28:12 Yann Robard - Liquidity Solutions for Private Capital at Dawson (EP.392)
Assertion Supported
Private wealth holds $150T globally, with only 2% in private capital
“There's a 150 trillion dollars in private wealth of assets under management. Two percent of that gets allocated to private equity or private capital. That's three trillion.”
Yann Robard Jun 17, 2024 ▶ 55:43 Yann Robard - Liquidity Solutions for Private Capital at Dawson (EP.392)
Assertion Supported
The private capital secondary market represents just 1% of total private capital
“The secondary market has gone to one hundred and thirty five billion at its biggest year in 2021, and that represents one percent of private capital.”
Yann Robard Jun 17, 2024 ▶ 31:36 Yann Robard - Liquidity Solutions for Private Capital at Dawson (EP.392)
Assertion Supported
CPPIB assets grew from $7B to $285B between 2001 and 2015
“When I joined in 2001, there was 24 people. I left it with 1200. We went from seven billion to two hundred and eighty-five billion from 2001 to 2015.”
Yann Robard Jun 17, 2024 ▶ 12:09 Yann Robard - Liquidity Solutions for Private Capital at Dawson (EP.392)
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