Sublime
An inspiration engine for ideas
There are some important changes underfoot in private markets:
1. Returns are compressing - few funds are able to consistently achieve the necessary spread over the risk-free rate to justify fees and illiquidity.
2. LPs are segregating bi-modally: 1) a growing group of smaller family office... See more
Chamath Palihapitiyax.com
Spent 7 hours researching a true master of small cap private equity:
- 586 transactions
- Acquire $1 million to $10 million EBITDA companies
- Average deal $12 million
- 72% IRR
- 7x cash on cash returns
He had two rare public appearanc... See more
PrivateEquityGuy (Mikk Markus)x.com
Mike Speiser is one of the most unique investors who isn't as well known outside the valley.
At Sutter Hill, he incubates one startup at a time, acts as founding CEO and gets it off the ground.
His track record is insane, creating $70B of value from 5 companies over 15yrs! https://t.co/B4Gg4pGzmn
Computer scientist Geoffrey Hinton: ‘AI will make a few people much richer and most people poorer’
ft.com
napoleon bonaparte’s heir runs a search fund to buy small cap services business https://t.co/NGMTYppewu
Story on Blackstone real estate, infrastructure, private credit, growth in perpetual capital, growth in private wealth (retail), growth international, $200 billion in dry powder, $1 trillion in AUM, data and deal advantage... https://t.co/1x2SjQJXgh