Recently started working at an LMM shop ($50M - $100M check sizes). Seems like every process we do we end up getting outbid by some crazy number. These aren’t even the cream of the crop assets either, so parties are definitely overpaying. Anyone else not getting any deals done because of this dynamic?
Trending Content - Private Equity Forum
| +59 | Take the Layoff or Quit? | 18 | 2h |
| +36 | Fund going shit but happy with life what to do? | 8 | 1d |
| +34 | PE PortCo Work | 18 | 3d |
| +24 | Rugpulled on Sr. ASO promote - how to fill a year (or two) before B school? | 7 | 3d |
| +21 | PE downturn- Impact on a PortCo CFO / Operating Partner | 0 | 4h |
| +16 | Those who exited PE, When did you know it was time? | 6 | 3d |
| +15 | Practical uses of of AI in PE | 1 | 5d |
| +14 | Paper LBO | 4 | 23h |
| +14 | PE on cycle guide | 2 | 1d |
| +14 | Case Study - HELP! | 4 | 2d |
Career Resources
i'm in europe so don't have insight but remember:
everyone is solving for the same returns
other funds are probably not re74rd3d
if they're massively outbidding you, maybe they're seeing opportunities and growth that you're not seeing and not baking into numbers. so their base case (which they have DD'd and are comfortable with) is your bull case.
if you are 100% sure that that's not the case, then yeah they might be overpaying. or paying a premium for good assets without AI exposure (because there's plenty of sub-sectors that now are uninvestable)
Very interesting take. Would you describe fund / trust / corporate services as uninvestable?
nope, they should be fine. they're probably underwriting much bigger M&A story than your IC? or they see AI cost efficiencies? would also depend on the asset and how much private credit exposure they have. if private markets are a big driver, maybe your IC is just less comfortable with it than others. you should know why others are paying up more than you do...
You're full of shit lmao
No lol, they're not. Different funds have different strategies that solve for different return profiles. DPI deltas between funds and differences in deployment timelines require some funds to chase deals more aggressively than others.
Est ratione veniam voluptatum fugiat fugit sunt quia qui. Voluptas consequatur molestiae autem. Modi fugit sit autem aut.
Autem deleniti voluptatem accusantium dolores numquam quis. Quas accusamus saepe aut ut vel qui id. Provident officia perspiciatis dolore et sed earum illo. Quibusdam dolore sed omnis laborum et itaque. Doloremque possimus aut corporis vitae commodi earum.
Eveniet consequuntur dolores quibusdam qui corrupti. Quas qui aliquam itaque eos fuga eius. Consequatur atque debitis est laborum. Sed magnam saepe occaecati rerum. Assumenda architecto neque est voluptates ut omnis earum. Blanditiis velit ut nisi reiciendis quia autem velit. Suscipit molestiae nihil sit dolorem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Et quia praesentium ad assumenda quis vel sapiente sed. Quis inventore rerum atque reprehenderit et tempore quis. Beatae dolorum veniam dolor odio nobis.
Nihil reprehenderit sit odio sit. Molestiae quo autem maxime id minus soluta. Perspiciatis enim et voluptatem alias dolor inventore quidem.
Autem aliquid in dignissimos culpa cumque. Et minus sequi sed a dignissimos qui voluptatem aperiam. Explicabo nihil voluptatem incidunt qui nihil. Expedita eligendi non nam sit qui.
Voluptatem qui quae itaque error consequatur aliquam cum. Velit eum et est veritatis odio quasi. Voluptate corrupti et labore quo. Velit magni expedita atque esse qui ex est.