What is going on with 777 partners?
Title says all. What is the latest on them? Significant departures as of late. Always seemed like an odd place to me. Spill the tea.
Title says all. What is the latest on them? Significant departures as of late. Always seemed like an odd place to me. Spill the tea.
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1) I don't think this belongs in the PE forum. Maybe asset management. They're "yield" investors - buy random platforms that spit cash flow. They're not active owners - more of a secondaries players.
2) there are many ethical questions around their capital base (won't say more)
3) senior talent isn't exactly the brightest... (know from working with them 4 transactions)
4) junior talent is... lets just say interesting talent. Material mistakes in their models. Little to no professional speaking ability. (missing table stakes..)
We were looking at a small streaming venture investment, and the senior associate on it was clueless - easily flustered and material mistakes in the model / presentation. Really embarrassing…
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