Matt Wolf

It fell pretty significantly over the past few years to about 11% from an average of 29% between 2014, 2017. And so now that value proposition is changing. And going forward, I'm still... Ultimately, private equity is just sort of an allocation tool. It's an asset class.

It fell pretty significantly over the past few years to about 11% from an average of 29% between 2014, 2017. And so now that value proposition is changing. And going forward, I'm still... Ultimately, private equity is just sort of an allocation tool. It's an asset class.

It fell pretty significantly over the past few years to about 11% from an average of 29% between 2014, 2017. And so now that value proposition is changing. And going forward, I'm still... Ultimately, private equity is just sort of an allocation tool. It's an asset class.

And I'm very bullish on it because I think going forward, as sponsors and firms sort of arrange their talent and kind of figure out what does it mean to source and execute and optimize on deals going forward, because that's looking different now than it did in the prior cycle.

And I'm very bullish on it because I think going forward, as sponsors and firms sort of arrange their talent and kind of figure out what does it mean to source and execute and optimize on deals going forward, because that's looking different now than it did in the prior cycle.

And I'm very bullish on it because I think going forward, as sponsors and firms sort of arrange their talent and kind of figure out what does it mean to source and execute and optimize on deals going forward, because that's looking different now than it did in the prior cycle.

And the firms that figure that out, they're going to be able to go back to that sort of tried and true value proposition and tell those investors whether they are high net worth individuals or otherwise accredited investors or large pension funds, large institutional investors and say,

And the firms that figure that out, they're going to be able to go back to that sort of tried and true value proposition and tell those investors whether they are high net worth individuals or otherwise accredited investors or large pension funds, large institutional investors and say,

And the firms that figure that out, they're going to be able to go back to that sort of tried and true value proposition and tell those investors whether they are high net worth individuals or otherwise accredited investors or large pension funds, large institutional investors and say,

Look, we know that private equity went through this sort of difficult time of constricted returns as we all tried to figure out how do we now do deals in this period of real positive interest rates that we haven't experienced for 15 plus years. But we figured it out. Right. We are focusing on these niches. We have these operating partners. We have this model that we followed.

Look, we know that private equity went through this sort of difficult time of constricted returns as we all tried to figure out how do we now do deals in this period of real positive interest rates that we haven't experienced for 15 plus years. But we figured it out. Right. We are focusing on these niches. We have these operating partners. We have this model that we followed.

Look, we know that private equity went through this sort of difficult time of constricted returns as we all tried to figure out how do we now do deals in this period of real positive interest rates that we haven't experienced for 15 plus years. But we figured it out. Right. We are focusing on these niches. We have these operating partners. We have this model that we followed.

And I can point to the last fund and show how we outperformed. And you should you should try us again. So I think that's a long way of saying that I think the sort of private equity sponsor model is going through.

And I can point to the last fund and show how we outperformed. And you should you should try us again. So I think that's a long way of saying that I think the sort of private equity sponsor model is going through.

And I can point to the last fund and show how we outperformed. And you should you should try us again. So I think that's a long way of saying that I think the sort of private equity sponsor model is going through.

its own changes and there will be some sponsors that figure it out and they can sustain an advantage and demonstrate and sustain returns above public equity in such a way that some investors will want to lock up their money with them to access that return And there will be some sponsors that struggle to do that. But still, at the end of the day, private equity is an asset class just like others.

its own changes and there will be some sponsors that figure it out and they can sustain an advantage and demonstrate and sustain returns above public equity in such a way that some investors will want to lock up their money with them to access that return And there will be some sponsors that struggle to do that. But still, at the end of the day, private equity is an asset class just like others.

its own changes and there will be some sponsors that figure it out and they can sustain an advantage and demonstrate and sustain returns above public equity in such a way that some investors will want to lock up their money with them to access that return And there will be some sponsors that struggle to do that. But still, at the end of the day, private equity is an asset class just like others.

And I think there will be space for that as an asset class across various investor categories.

And I think there will be space for that as an asset class across various investor categories.