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16 results for “financial infrastructure”
Topic3 mentions across episodes
infrastructure
Concept2 mentions across episodes
financial infrastructure
...infrastructure investors historically to think about making a move in that direction off their end segment expertise. At the same time, it's an asset class that traditional infrastructure players can move into as an adjacency. So in many ways, it's n
6:01 / 7:06
from transcript6:01 – 7:06
...infrastructure is quite different. In fact, it's the exact opposite of the history of private equity. So all I mean by that is private equity originated in The US with a bunch of entrepreneurial teams. Contrast that to how infrastructure started, whi
8:08 / 9:21
from transcript8:08 – 9:21
of non bank private credit, trillions of dollars being managed by a small number of firms. And in many ways, the growth of those firms is phenomenal, but it's leaving companies behind that need $20.30, dollars 40,000,000 of debt. And it may not just
22:35 / 23:36
from transcript22:35 – 23:36
...at financial services businesses. One of the things that stuck with me was having a business that is entirely reliant on dirt cheap, consistent debt financing from a bank is really risky and particularly risky if you are sub $200,000,000 market cap.
9:51 / 10:52
from transcript9:51 – 10:52
...investing looks something like, well, let's buy a port. We'll lever it up to a massive amount. And in twenty years or so, we'll sell it, and we'll make a decent IRR, and it's safe. And what people didn't realize is that when something like the GFC ha
0:32 / 2:01
from transcript0:32 – 2:01
...infrastructure required from an AI perspective to actually power the world that we wanna see today, and then a very large scale energy transition across the globe as we think about climate requirements and all the things that we're trying to solve fo
0:05 / 1:05
from transcript0:05 – 1:05
What happens when CLOs, you might get that recession to end all recessions, and that will be bad for the assets, the levered loans. But you take cash off the table right away if you were the equity. That helps pay down your basis right away. While we
1:01:21 / 1:02:31
from transcript1:01:21 – 1:02:31
...financial services as well. So you've seen a few themes emerge. One thing that we said for a long time that Andreessen Horowitz also likes to say is that every company is a fintech company, and that was kind of quite common from 2018 onward. Now you
5:12 / 6:20
from transcript5:12 – 6:20
In a direct lending fund, leverage is a lot lower because you're getting a significant pickup in spread. You're getting an extra a 150, 250 bips. The asset class exploded because institutions needed yield. Today, direct lending competes with the synd
18:45 / 19:59
from transcript18:45 – 19:59
And those lenders, which are more akin to venture debt lenders, are really looking to cash on our balance sheet and looking at our ability to raise incremental equity capital and saying, okay, we can get comfortable with this amount of debt. As the f
55:25 / 56:35
from transcript55:25 – 56:35
and data centers and other parts of it. We've been at the forefront doing that now for a number of years. Our approach has been a humble one given the technological transformation that we see. We're not pushing ourselves out on the frontier of what y
23:08 / 24:16
from transcript23:08 – 24:16
...the infrastructure itself, the the assets that are partially backing the deal on a stable loan basis,
39:44 / 40:46
from transcript39:44 – 40:46
that got infrastructure investing going at Macquarie. And a little bit of the background just quickly there is that US leads Australia in most aspects of finance. Mhmm. But we led The US in terms of state governments going bankrupt. So our state gove
2:18 / 3:21
from transcript2:18 – 3:21
...is nonfinancial corporate debt. But, you know, back when I was born, it was, like, half. And today, it's, like, 20%. And there's some good follow-up charts that talk about all the different asset based lending, direct lending, hybrid securitization t
40:36 / 41:41
from transcript40:36 – 41:41
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