Tony James
👤 SpeakerAppearances Over Time
Podcast Appearances
We paid $119 million from that business.
Was this the secondaries fund from DLJ Credit Suisse?
From Credit Suisse, right?
Because, again, their ambivalence about the business.
So we bought it for $119 million.
It's a $120 billion business today.
It's worth tens of billions.
Yeah, that's amazing.
Right?
And we made about a dozen of those acquisitions.
Every single... And the book on financial services firms buying other financial services firms is not very positive.
Right.
They almost never work.
Every one of our acquisitions worked.
There were two that didn't really move the needle strategically, but we made a very good return on the investment.
We probably made three or four times our money.
Yeah.
Culture is key.
Having people that fit in
is key, number one.