Telis Demos
speaker
290 appearances
5 recordings
1 series
first heard Aug 2025
last heard 2 Aug
Telis Demos’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 — 3 in all, peaking in Aug 2026 with 1.
Appearances
And the longer it takes and the worse sort of prices that they might get now for those companies relative to what they paid for them a few years ago...
really just means that they're not going to be returning as much to their investors.
They're not going to be raising as much money from those investors.
They don't get the same incentive fees like for the firms themselves that they might have.
There's some real concern that they're just not going to be able to sell what they've got now at good prices.
And that's really dragging on the market's forward expectations for a lot of these firms.
Yeah.
Interest rates are a lot higher, which means that they are funding themselves more expensively.
So the same squeeze that's felt by banks, private asset managers are not banks, but they have to get money in from investors and they have to deploy it in the market.
And so private equity firms need to sell the companies they buy either to other companies, to other private equity firms, or to the public through IPOs.
And while those markets...
People were expecting them to be really gonzo this year after Trump's election because deregulatory fervor, things like that.
People thought maybe interest rates would go down.
They haven't yet, much to the president's consternation, of course.
But those things mean that it's not necessarily like a bountiful market for private equity firms being able to sell their investments to others and sort of lock in the gains that they have on paper.
I think that people feel like Carlyle Group has the same ingredients that
all the other major asset managers do, right?
They're good at private equity, that is like the buying and selling of companies.
They've got many irons in the fire in the world of private credit.
And so I think the question was, could Carlyle just enter the same kind of rarefied air in terms of like the stock valuation that some of the other firms like Blackstone and Apollo and KKR
Showing 241–260 of 290 · page 13 of 15
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