Rick Kes
Appearances
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
Any investor, it doesn't matter if you're private or public, but if there's uncertainty in the market, it's harder to predict what will come together in the future.
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
So it's not unlikely that somebody would say that right now we've got a pretty high level of uncertainty of where the future will go, whether it be because of tariffs or other regulatory challenges that have come up in the recent kind of Six to eight weeks or so. So, you know, I do think there's a lot of uncertainty, but I think with that uncertainty, there's opportunity to find value.
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
I mean, I think, you know, we continue to work with our clients on becoming more and more efficient because, you know, and more and more. in the direction of a higher quality asset because i do think there's still money to be spent there's still investors that want to get into new sectors or new markets or new what have you so i think the assets that seem to continue to have
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
The ability and desirability to be traded are those that are operating at the highest level that they possibly can and that are considered A-Assets, so to speak. So that's really where we come to our clients at. If you have the desire to be traded in the near future, you have to become as close to an A-Asset as you possibly can. Otherwise, it's going to be somewhat challenging.
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
But if you are an A-Asset, dann hast du die Fähigkeit, in einem Moment in der neuen Zukunft zu handeln.
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
Exactly. You know, I think you got a lot of people with high levels of anxiety related to the uncertainty. But, you know, again, when there is uncertainty and the things that are as close to certain as possible. So things that have, you know, relatively less, you know, demand elasticity. So things like, you know, healthcare services, which obviously I spend a lot of time in.
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
Other things that, you know, maybe have a little less exact, you know, kind of impact related to other, you know, economic impacts. So, you know, I do think that there are areas of opportunity.
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
I don't know about MedSpa specifically. I don't spend enough time digging into the data behind MedSpa. Conceptually, I think there are some fact patterns there that make sense to me. I know my social network of people. I think a lot of people value that type of service at a pretty high premium. So I do think that there is some logic behind saying it would take a pretty drastic change
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
No, thank you. But your overall take is, look, it's a little bit...
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
Yeah, and I think a lot of private equity group LPs, some of them are large pension funds and other large institutional investors. If you think about it from their perspective, they're involved in private equity to try to minimize the volatility of the public markets.
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
Die öffentlichen Märkte sind so volatil, dass man sich fragt, ob das der Zeitpunkt ist, um Privatwerte zu zeigen, die ihren Wert auf Stabilität und langfristigen Wachstum zu bringen. Wir haben uns natürlich gesagt, dass wir anders als die öffentlichen Märkte sind. This is our opportunity to prove it to you.
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
And so I think that's another area that our private equity clients are really trying to focus on, is how do they make sure that they're kind of consistently telling that story of value to their LPs, considering the relatively high levels of volatility that they're seeing in the public markets on their other parts of their investment portfolios.
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
Ja, und ich denke, das ist die Botschaft, die die Privat-Equity schon seit langer Zeit erzählt hat. Und ich denke, dass sie bis jetzt die langfristige Wertschätzung beurteilen konnten. Aber jetzt ist es ein weiterer Weg, ihnen zu zeigen, dass das ein Asset Class ist, der helfen kann, dein Portfolio in diesen relativ ungewöhnlichen Zeiten zu balancieren.
Becker Private Equity & Business Podcast
Finding Opportunity in Uncertain Markets: Insights from Rick Kes of RSM 4-24-25
Well, you know, Scott, I would love to be able to just come on and talk about all the positivity that we're hopeful for. But I mean, I do think that there are pieces of positivity out there when it comes to private equity. Obviously, you know, there are there are headwinds against us. You know, I would say, you know, uncertainty is never good for us.