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
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
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.
But if you are an A-Asset, dann hast du die Fähigkeit, in einem Moment in der neuen Zukunft zu handeln.
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.
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.
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
No, thank you. But your overall take is, look, it's a little bit...
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.
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.
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.
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.
Yeah, Scott, I mean, I think, you know,
some respects you know not to punt on the question but it's a little early to totally understand you know what the deal environment will look like post you know last week um but i think you know kind of the early chirpings that we're hearing early indications that we're hearing is you know just like anything uncertainty creates a likelihood that um deal activity won't be as
you know, robust as we would have thought without uncertainty.
So I think it just adds another layer of uncertainty to the other items that we've already had that layered upon layers of more and more uncertainty that I think, you know, it could create a little bit of lag in terms of some of the deals that maybe would have gone into the pipeline, you know, this week, next week, or the week after, you know, you might see some slowing in that just to see kind of what,
not only the public markets, but other private markets, et cetera, would have in terms of reaction to the news and the effects that we're seeing in the public market last week and earlier today.
Yeah, I mean, I think you put yourself back to, you know, 2020 and you saw the volatility we saw during the pandemic. Now, this is obviously not a global pandemic. This is something much different than that. You know, there was a ton of volatility then. And then the reaction was probably more positive than anybody would have expected fairly shortly after that.
So could there be reaction that would be positive from this? I'm not sure. It's probably... too uncertain to know at this point in time. But, you know, again, I'd say it's more, we're still in the area of uncertainty, not certainty as it relates to what this will do for the rest of 2025 and the deal environment for private equity.
Yeah, I think that's all we can do at this point. I mean, I think our advice to our clients continues to be, as it has been for a while now, Control what you can control. You know, if you're, you know, most of my clients are service based clients. They're not importing a ton of stuff. They're not buying a lot of supplies.
You know, they've got some, but not overly dependent on purchasing goods from overseas entities. And so, you know, if you're a services based company, you know, Labor still looks to be a little bit challenging. You know, we added more jobs last month than we thought we were going to. You know, we're still in that stage.
Showing 81–100 of 172 · page 5 of 9
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