Nic Humphries
speaker
529 appearances
6 recordings
1 series
first heard Jul 2021
last heard Sep 2024
Nic Humphries’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
It wasn't, you know, twenty-five or thirty things that we needed to kind of go and deal with.
So that investment in resources relative to the portfolio size I think's incredibly important.
Portfolio, look after the portfolio number one.
So I think you first got to go to making sure that you know we're obviously very fortunate that we've got a track record where, you know, we've impaired less than one percent of capital over the last twenty years.
And we have a very high proportion of our investments that return two X or twenty percent, I think it's ninety-three percent or something in the last count um for the last twenty years.
So that record is very valuable to us and we
bit think our strategy's kind of been geared towards delivering that in the future.
But clearly at times like this you get really tested.
So first point is portfolio from a negative point of view, which we all know, kind of focusing where we might have some issues.
I think in doing so though
You have to also then flip entirely the other way and also look at the kind of portfolio companies that actually are sufficiently strong, well capitalised, with great management teams, cash on the balance sheet, lots of facilities.
And because we back a number of companies that are very acquisitive, I think in a kind of more muted economy, organic growth will clearly be harder to come by at some point in twenty three or twenty four, I think.
But actually that gives a
Companies that are MA focused, a real opportunity to go and buy some great companies that perhaps weren't available a year or two years ago, venture-backed, plenty of capital around, weren't going to sell out to MA.
And now, particularly because I think of the styler companies we back, which are actually great for entrepreneurs to sell to and actually become part of a larger group, you know, I think there's some really good opportunities for some of our bigger platform companies.
to buy great businesses at fair and and reasonable prices in twenty two and twenty three.
Yeah, I mean I think that's back to
Look, we we said very openly we'll try and deploy capital over a kind of roughly three year period.
In very good accelerated markets, that becomes maybe kind of two and a half years, which I think is the shortest period we've had for a fund investment.
And in slower, kinda more tough markets for new investment, I think it becomes kind of four years.
Showing 221–240 of 529 · page 12 of 27
← Previous
Next →