The Ledger
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Bhargava: NB Group charges portfolio companies advisory fees for operational support
“In most cases, take a advisory fee from the companies, which is, you know, in exchange for the support we give our businesses and we are active hands-on investors. You know, I've gone down into the weeds, taking on interim CFO roles for our companies or taking…”
Bhargava: Youth enrichment market has excess demand and fragmented supply
“Youth enrichment is, you know, afterschool activities, sports leagues, summer camps. It's a really fragmented market with tons of demand, not enough supply and A lot of positive market forces behind it.”
Bhargava: NB Group targets fragmented industries with willing sellers and low valuations
“What we look for are industries that We believe there's an opportunity to build market leaders where there's not so many to date where there are you know, it's a fragmented market where there's a lot of willing owners to sell, where we don't have to pay too mu…”
Bhargava: NB Group avoids using AI primarily as a cost-cutting tool
“There are certainly private equity investors who are pursuing Strategies that incorporate AI as a cost cutting tool to, you know, improve profitability of invest, you know, in businesses that they invest in. That's not something we've. Really pursued.”
Bhargava: Independent PE firms rely on founder relationships more than megafunds
“So that's not something that I think you need to do as much if you are at a large established, you know, for 30 years private equity firm and you're one of, you know, 15 partners. It's much more important for us, you know, cause we're kind of doing everything …”
Bhargava: US lower middle market private equity is becoming increasingly efficient
“The US private equity market is
You know, very and increasingly efficient, even at the lower middle market, as we call it, the sort of small, medium sized businesses that we invest in increasing number of investors, sellers are increasingly sophisticated.”
Bhargava: NB Group raises capital deal-by-deal instead of using a fund
“So our model is that we raise
Capital specific to each deal.
So when we make an investment, we have institutions that we work with who will back that specific deal.
We don't have a fund that we drawn for every investment.”
Bhargava: Hospice care lowers healthcare costs and improves end-of-life experience
“Hospice care, which is a really, I think compelling. Proposition for patients. You know, it's a better way to end your life or to experience the final, you know, months of your life. And it's also a positive for the healthcare system. It's lower cost.”