Matt Wolf

deals, audit, tax, consulting, advisory, and heavily leaning into industry and technology-based approaches to solving our clients' problems. So exciting firm, exciting time to be an advisor to these, to middle market deals nationally, globally. And it's just been a wild ride the past few months or so, as I'm sure all your listeners can also attest to. And

deals, audit, tax, consulting, advisory, and heavily leaning into industry and technology-based approaches to solving our clients' problems. So exciting firm, exciting time to be an advisor to these, to middle market deals nationally, globally. And it's just been a wild ride the past few months or so, as I'm sure all your listeners can also attest to. And

What I've been really looking at lately, Scott, is just some of the changes to allocation ideology from limited partners and other sort of institutional investors. We've seen a pullback from public equities into high-yield credits, into gold, of all things, as people try to navigate this sort of changing geopolitical, changing macroeconomic

What I've been really looking at lately, Scott, is just some of the changes to allocation ideology from limited partners and other sort of institutional investors. We've seen a pullback from public equities into high-yield credits, into gold, of all things, as people try to navigate this sort of changing geopolitical, changing macroeconomic

What I've been really looking at lately, Scott, is just some of the changes to allocation ideology from limited partners and other sort of institutional investors. We've seen a pullback from public equities into high-yield credits, into gold, of all things, as people try to navigate this sort of changing geopolitical, changing macroeconomic

regime, I guess, for lack of a better word, and more specific to private equity. We saw big news a few days, maybe a week ago now, of Yale selling up as much as $6 billion of its private equity holdings. We've seen this convergence in returns between, at least historically now, between private equity returns and public equity returns.

regime, I guess, for lack of a better word, and more specific to private equity. We saw big news a few days, maybe a week ago now, of Yale selling up as much as $6 billion of its private equity holdings. We've seen this convergence in returns between, at least historically now, between private equity returns and public equity returns.

regime, I guess, for lack of a better word, and more specific to private equity. We saw big news a few days, maybe a week ago now, of Yale selling up as much as $6 billion of its private equity holdings. We've seen this convergence in returns between, at least historically now, between private equity returns and public equity returns.

And just thinking about what does that mean going forward, not only for

And just thinking about what does that mean going forward, not only for

And just thinking about what does that mean going forward, not only for

institutional investors and limited partners allocation to private equity but what does that mean for the the actual sponsors and how to think about deals how to how to go for how to source deals execute deals what does that mean for hold periods as um you know the the sort of global financial system works through this regime change and and a lot of investors take a you know another look at private equity and talk about that because there's there's

institutional investors and limited partners allocation to private equity but what does that mean for the the actual sponsors and how to think about deals how to how to go for how to source deals execute deals what does that mean for hold periods as um you know the the sort of global financial system works through this regime change and and a lot of investors take a you know another look at private equity and talk about that because there's there's

institutional investors and limited partners allocation to private equity but what does that mean for the the actual sponsors and how to think about deals how to how to go for how to source deals execute deals what does that mean for hold periods as um you know the the sort of global financial system works through this regime change and and a lot of investors take a you know another look at private equity and talk about that because there's there's

It's a trillion-dollar question. It's a great question. And I guess for additional context, at least the way that I think about it and the way a lot of observers think about it is private equity, the value proposition was, OK, invest in my fund. Your money will be locked up. but you'll get a rate of return higher than market index, pick an index, right?

It's a trillion-dollar question. It's a great question. And I guess for additional context, at least the way that I think about it and the way a lot of observers think about it is private equity, the value proposition was, OK, invest in my fund. Your money will be locked up. but you'll get a rate of return higher than market index, pick an index, right?

It's a trillion-dollar question. It's a great question. And I guess for additional context, at least the way that I think about it and the way a lot of observers think about it is private equity, the value proposition was, OK, invest in my fund. Your money will be locked up. but you'll get a rate of return higher than market index, pick an index, right?

Sort of like a CD at the bank, which are also coming back into vogue now that we have positive real interest rates. But yeah, lock up the money for a time period and you'll get a higher rate of return. But Bain actually came out with this really interesting study that showed the sort of premium to private equity returns above those public equity benchmarks

Sort of like a CD at the bank, which are also coming back into vogue now that we have positive real interest rates. But yeah, lock up the money for a time period and you'll get a higher rate of return. But Bain actually came out with this really interesting study that showed the sort of premium to private equity returns above those public equity benchmarks

Sort of like a CD at the bank, which are also coming back into vogue now that we have positive real interest rates. But yeah, lock up the money for a time period and you'll get a higher rate of return. But Bain actually came out with this really interesting study that showed the sort of premium to private equity returns above those public equity benchmarks