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18 results for “market saturation”
Concept2 mentions across episodes
market saturation
...the buyout markets over the last ten to fifteen years. We've had wonderful conditions that have allowed multiples to expand. For a good part of that time, zero central bank interest rates in the ECB and with the Fed. We've had steady GDP growth. It's
6:02 / 7:12
from transcript6:02 – 7:12
...The IPO market remains unattractive for most private companies. Being the CEO of a public company once carried aspirational
3:47 / 4:53
from transcript3:47 – 4:53
...the stock market's been up and down and up and down and up and down, the tariffs, all of these factors that have contributed to the problem. But I think the fundamental problem in the buyout world and probably to some extent in the venture world is t
47:14 / 48:15
from transcript47:14 – 48:15
...market and what's happening, as far as retail capital and the demand there, the almost sensational demand for access to these assets. It's hard for me to see what slows this down. Right. So we're gonna see more continuation vehicles. When when you ta
13:29 / 14:37
from transcript13:29 – 14:37
...the market right now because we have had four years of below average liquidity coming back. And a lot of these deals, people don't realize these are not necessarily 2021 deals. Those are just in the fifth year of their ownership, but we are way under
15:01 / 16:16
from transcript15:01 – 16:16
...markets normalize? At the time, I argued that expectations for a surge of capital returning from private equity exits were premature. That assessment proved correct. While exit activity increased, it remains far below what would be required for priva
0:50 / 1:56
from transcript0:50 – 1:56
...bull market, so that certainly helped. You could see that competition was getting more intense as more people entered the business. Nature reports a vacuum. If there's a world where firms are generating consistently 40% IRRs, people are gonna notice
20:00 / 21:21
from transcript20:00 – 21:21
...to market the businesses that you own today. Now, that's an interesting point, Dave. Walk me through, if you will, the game theory of selling an asset in this uncertain environment to kind of break that log jam? And specifically, what can a GP do to
3:00 / 4:11
from transcript3:00 – 4:11
...market's been up and down and up and down and up and down, the tariffs, all of these factors that have contributed to the problem. But I think the fundamental problem in the buyout world and probably to some extent in the venture world is that not un
47:53 / 49:07
from transcript47:53 – 49:07
...markets have slowed and gotten slower and slower since then. And right now, we're kind of at a pause and people are saying, oh my gosh. Are we gonna have another year of really poor distributions back? Are we gonna have four years in a row of horribl
2:18 / 3:32
from transcript2:18 – 3:32
...market strength reversed the denominator effect, but not the preexisting structural challenges. LPs will need distributions to consistently exceed contributions to rebalance their portfolios to long term targets. The path forward. Today's fundraising
0:47 / 1:54
from transcript0:47 – 1:54
...market that's a little bit different on leverage is that vast majority of the leverage in our part of the market is not from traditional money banks. And it's certainly not syndicated loans. It's a lot of private debt. And the private debt funds have
41:15 / 42:22
from transcript41:15 – 42:22
...marketplace, it's very unclear who the winners and who the losers are going to be. But what is clear is that prices are up, competition is going to keep the prices up, and that investors now need a strategy in order to become a long term winner in th
9:40 / 10:53
from transcript9:40 – 10:53
...market. But I'd say maybe more interesting to me anyway is that need for liquidity is echoing through the GP market. Mhmm. And what do I mean by that? It means that the same LPs that need distribution dollars within the private equity allocation to t
7:33 / 8:53
from transcript7:33 – 8:53
“AI bubble or boom? The fundamentals look surprisingly different this time”
While it has some bubbly features, the underlying fundamentals, I would say, bear little resemblance to previous bubbles. The investment is financed primarily by historically profitable companies, lik
28:12 / 28:43
market insight28:12 – 28:43
...market to some degree. I would agree. I think that the bid ask spread is still quite real. So as Chris said, you are seeing some high quality assets traded at high valuations. On the other hand, assets where the upside hasn't been proven, the buyers
2:17 / 3:27
from transcript2:17 – 3:27
...the market. Well, guess what? They're coming back to the market because even with a war chest over a few period over a few years, you're gonna run out of cash, and you're gonna need to come back. Right. And those companies had set records for their v
3:48 / 4:50
from transcript3:48 – 4:50
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