Rick Kes
speaker
172 appearances
12 recordings
1 series
first heard Feb 2025
last heard Jun 2025
Rick Kes’s voice in public audio — every appearance, attributed to the second.
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Appearances
Yeah, very much so. And I think the other... thing that sounds to be a bit of a challenge is even You know, one thing is affording the interest rates, you know, just being able to cash flow it and or, you know, produce, you know, sustainable margins, including interest expense.
But on top of that, it's even just access to capital sometimes can be really challenging for some of these businesses, even well capitalized or highly valued companies are starting to have a sense that capital access is Not quite what it was, you know, maybe, you know, three, four years ago or the last time they went to the bank and asked for some additional capacity.
So, you know, I do think that continues to be an interesting environment, you know, from a bank financing perspective.
Yeah, yeah, that's very, very true. And it's got great, great taste in TV shows. I love Landman. Billy Bob Thornton is one of the most talented actors of our time. He's just crazy how well he can kind of adapt into that role. It's quite interesting compared to what you see from him and kind of in his non-character role. So that's a great show. I very much enjoy that show.
I have not yet got to that show. It's on my list. It's definitely on my list. But as you know, I have three kids under the age of 14. They're all boys. They're all busy. So my ability to watch multiple shows at one time starts to get a little compressed. So I'll have to have to add that into the queue or bring it up close to the top of the queue for sure.
Yeah, Scott, thank you. Yeah, for those of you who aren't familiar with RSM, we are the leading provider of services to the middle market. So we are the fifth largest professional service firm in the U.S., very focused on companies, you know, around a hundred million dollars to about $5 billion of revenue.
So big swath of the GDP, roughly about a little over a third of the overall GDP is represented in that client base. So, you know, we provide tons of services to private equity companies and their portfolio holdings due to the fact that many of them kind of sit in the middle market. And we have been doing so for a very long time and build a pretty robust
both brand reputation in the market as well as just kind of infrastructure of managing our private equity relationships in a way that we think differentiates us from the competitors. You know, me, myself, I've been at the firm about 20 years, served in many roles within the industry of healthcare and overall just private equity related management.
So I'm glad to be part of the conversation and, you know, talk a little bit about what's going on and what we're seeing.
Yeah, I mean, obviously, with the news that broke this morning about a 90-day pause on certain tariffs with China, I think that's interesting news for sure. And I wasn't surprised to see the markets react in a favorable fashion to that. I do think, like we've talked about before, Scott, that The public market is obviously very easy to read. It's very easy to obtain data about.
It's very easy to kind of get insights. You can pop on CNBC or Bloomberg Television or whatever you want to watch and get a lot of great intel and kind of the sentiment of the street, if you will. It's a lot harder in the private equity world, as you know, because, you know, a lot of that stuff is just quite frankly private. And so really harder to get to it.
You know, I think we spent a lot of time, obviously, with fund fund managers, you know, people within private equity groups, people at the portfolio level. I think the overall sentiment is that a lot of them are kind of cautiously optimistic and they've been that way for a long time.
I think we all see a lot of the data points, whether it be dry powder or hold periods or other things where we start to think, well, if we just get a couple nice, you know, momentum changes, whether it's interest rate cuts or, you know, good deal environment or any, you know, any little thing that could help, you know, push the ball down the hill.
Once that ball starts, I think a lot of people are hoping that it keeps rolling. And, you know, I think that there's some truth to that. So I think, you know, The news that broke today is great. I think it pushes people into a positive sentiment overall, even though it's more probably from the public markets.
But I think overall, positivity is going to help push that ball forward and start to gain momentum and speed and have it go down the hill and start the deal flow volume that I think we've all kind of been waiting for for the last 18 months or so.
Yeah, very much so. And I think the other... thing that sounds to be a bit of a challenge is even You know, one thing is affording the interest rates, you know, just being able to cash flow it and or, you know, produce, you know, sustainable margins, including interest expense.
But on top of that, it's even just access to capital sometimes can be really challenging for some of these businesses, even well capitalized or highly valued companies are starting to have a sense that capital access is Not quite what it was, you know, maybe, you know, three, four years ago or the last time they went to the bank and asked for some additional capacity.
So, you know, I do think that continues to be an interesting environment, you know, from a bank financing perspective.
Yeah, yeah, that's very, very true. And it's got great, great taste in TV shows. I love Landman. Billy Bob Thornton is one of the most talented actors of our time. He's just crazy how well he can kind of adapt into that role. It's quite interesting compared to what you see from him and kind of in his non-character role. So that's a great show. I very much enjoy that show.
I have not yet got to that show. It's on my list. It's definitely on my list. But as you know, I have three kids under the age of 14. They're all boys. They're all busy. So my ability to watch multiple shows at one time starts to get a little compressed. So I'll have to have to add that into the queue or bring it up close to the top of the queue for sure.
Showing 41–60 of 172 · page 3 of 9
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