Justin Ishbia

roughly 13 functional disciplines, effectively a senior management team from a Fortune 500 company that work at Shore Capital.

And their job is to help every portfolio company in that discipline get better.

The chief data officer, chief technology officer, head of human resources, head of talent, all of these people help all 43 companies and elevate all of their gaps.

So we have 150 full-time people.

So if you're a vice president, a principal or partner, not one person has ever left short capital.

But associates go to business school and then come back.

But a VP, I think we have about 43 or 44 people who are in that bucket.

Not one person's ever left.

And what's the philosophy behind it?

So I think a little bit of it is...

Hard to be 35-year-old and look at the founder who's 46 and say, when do I get my chance?

But having the different verticals, healthcare, food and beverage, business services, industrials, my most talented healthcare vice presidents went on to become principals of my business services fund.

And same thing in industrial.

So it's a little bit of a waterfall where the homegrown talent moves to a new vertical.

My dad always taught me a couple of things about treat your people well, but he said two things, Justin, pay the market comp or a little bit above market comp.

And most importantly, people don't quit their friends.

So my job is to create an environment where they become friends with each other.

And so that means holiday parties.

It means we have a thing called a party and we sell business.

We have celebrations.