Steve (Stephen) Ketchum
speaker
528 appearances
1 recordings
1 series
first heard Jul 2026
last heard 15 Jul
Steve (Stephen) Ketchum’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
being short-term greedy is not the way forward.
And I do think one of the things that we've done really well is we've fostered trust with our investors.
And if we do what we say we'll do, then we'll continue to have that trust.
But if we're not long-term greedy and we do go from a, call it a $550 million fund to a $5 billion fund, then we'll lose the trust of the people who put us into business in the first place.
Part of it is the psychic benefit of looking in your investor partner's eyes and knowing that they trust you and like you.
This is a trust business.
I think the other more practical or financial benefit is if we show restraint in the example I gave you, our strategic capital fund three, and actually turn people back or reduce commitments that investors have given us, then when we're in a period where we think the opportunity set is massive and we can deploy three or four or $5 billion in a particular strategy,
and we pick up the phone and call our long-term partners and say, this is the time, then the likelihood of them saying, okay, let's back up the truck and take advantage of this unique opportunity is much, much higher.
COVID was a great example.
We launched a fund, a tactical loan opportunities fund in
right before COVID.
And we said to investors, this is a generational type opportunity.
Unfortunately, the opportunity, because our government decided to helicopter $100 bills or $1,000 bills across the entire land, the opportunity set was truncated.
But in that window of call it six to eight weeks, the opportunity set was better than any opportunity that we had seen since the great financial crisis.
Exactly.
And I can't tell you when that next opportunity will be or what will cause that next opportunity.
I promise you that in the next five years, there'll be an opportunity to pick up the phone and say, this is the time.
So there's the trade, which is exciting.
And look, again, as I mentioned, the psychic benefit of picking up the phone and saying, we've earned your trust over the past 10 or 15 years, and we're telling you that this is the time.
That is beneficial both from a psychic standpoint and from a business standpoint.
Showing 81–100 of 528 · page 5 of 27
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