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Jeff Schwartz

๐Ÿ‘ค Speaker
1159 total appearances

Appearances Over Time

Podcast Appearances

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

And then after that, we will raise our next private credit fund.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

So every two or three years, we are raising a new fund from some similar investors and some different investors.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

And we're at a stage where

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

Each of the funds that we are operating is at a different stage in their lives.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

So while one fund is in the investment stage, another fund is fully invested and in the harvest mode.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

And the third fund is close to fully harvested and in the fundraising mode.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

So each of the different strategies are at a different point in their investment life, if you will.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

We built a really strong team over the years with very low turnover.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

And the senior people with the

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

with the firm have been here for a long time.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

They started as fairly junior investment professionals and they've been trained and grow with us.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

So they understand our DNA and our investment strategy and our approach to risk adjusted return.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

I have a partner with whom I have a very close relationship who I worked for at Aries for many years.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

And he's my partner and our chief investment officer.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

So the two of us really together run the firm and sit on top of all of the investment strategies who have respective deal leads and deal teams.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

But one of the things that we've done at the firm that I think is unique is

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

and we're still able to do at our small size, is all of the investment professionals work across all of the different funds and all of the different strategies.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

They're all personally invested in those funds, and they're all promoted in those funds.

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

So that allows each individual to not only develop their skill set across different investment strategies, but also create opportunities for investors

How I Invest with David Weisburd
E285: The Lower Middle Market: Where Private Equity Still Generates Alpha

whatever would be the best deal for the Corbell franchise at any point in time without trying to shoehorn a transaction into a specific strategy because he or she may have a greater incentive personally to do that.