Sublime

In it’s heyday, Goldman’s special situations group was the navy SEALs of money making. Today’s guest, Alan Waxman, used to run that group before leaving to build Sixth Street, now a $115b behemoth. SSG heads were sometimes of the more brainy, nerdy variety. Not Waxman. He is a force of nature and energy who apparently w... See more

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

Feels good to be writing again! This is the first in a series of guides to help LPs navigate the emerging venture GP landscape. In short firms, like companies, need to build moats around core capabilities. This is harder now given the unbundling of VC. https://t.co/hsc9TKqe0K