private equity

“I think the impact of all that is that the people kind of who were putting up, you know, median returns and felt like they had this, you know, God given right to raise their next fund and it was going to be bigger. I think that's not going to work out very wel…”

“And I got recruited from Morgan Stanley, which had an in-house investment bank, and to my knowledge, they were the only ones that recruited in 1994 directly into private equity.”

“There are certain states today which will take a rated private asset and comp it, like a rated IG private asset, and it eats against their private equity bucket because it's deemed private.”

“Yale Has announced that they're in the market looking to sell six billion dollars of private equity.”

“I think it'd be interesting to find a PE firm that was going to very aggressively go through the zombie unicorn group of Thousand companies and try and extract value. I would think there's some opportunity there to look at it optimistically instead of pessimis…”

“I think the sort of standard, you know, group of great deal makers who knows some allocators or rich families that will back them in buying companies, but they don't actually do anything other than buy the company and show up for board meetings. I think those …”

“A hundred percent acquisitions, no minorities, like and then, unlike a private equity, which would typically look to sell them three, five, seven years down the line, We buy off our balance sheet to own and operate forever”

“Unlike a private equity, which typically would make relatively shallow interventions, maybe change the management team, rethink the entire company, try to come up with a vision for the most successful version of that company, and then work as hard as we can to…”

“I think we have far superior competitive advantage, advantages than a private equity because essentially a private equity, every single, every acquisition is, is almost a, we start afresh in a way. In our case, we do well because of the platform and the struct…”

“One of the problems with the industry is the fund, the five-year fundraising cycle. To be able to raise your next fund, you have to deploy at a certain speed, and you need to return capital at a certain cadence, otherwise you don't get to do the next fund. And…”

“All these VCs are setting up these holding companies and, you know, we're going to use AI to make traditional businesses better. And, you know, they're really smart VCs and they're great track records, but that's what private equity has been doing for 50 years…”

“Number two, the balance of the capital that's not ours is different from a traditional PE firm in the sense that that's a much higher component of high net worth individuals and families around the world. Some sovereigns also, but a very different LP base, and…”

“We think a lot of firms do a really, really good job on the buy. Very, very few firms do a very good job on the sell, like, knowing when to sell, pressuring to sell, and we would tell you that the private equity funds tend to do a much better job on the sell t…”

“All that ultimately matters is a few companies per vintage, and you just have to be into those. And so certainly as a VC, much more than even private equity or hedge funds, as a VC, you don't actually have to work that hard meeting everybody. You can dive in a…”

“If you look at private equity in 2007, 2008, that was about seven percent of institutional portfolios. Now it's about 16% of the institutional portfolios.”

“If you think about a continuum of public securities and private equity, the AI will not do Private equity. Always need people to do deals. I think you will. And then you have the kind of the stuff in between that requires a lot of negotiation and human interac…”