Evaluating Middle Market Vehicles of Larger Funds
How would you evaluate joining onto middle-market vehicles that are significantly smaller than flagship funds with good reputations compared to higher AUM, but more "mid" performance-wise, "pure" MM funds? For example, would you rather take a $1bn Genstar Mid-Cap offer (this doesn't exist, but take the hypothetical) or an AEA (non-Growth) offer?
higher aum mm imo
I would take Genstar in your hypothetical but I'm also biased because of the Genstar brand, I know AEA is also a top name so I don't think it'd make a huge difference. Thoma's MM fund has been doing decent enough from what I hear vs Vista's has been more lackluster in recent vintages. Tough to gauge them though vs their pure MM competition, but I would say the large cap branding is generally a nice perk when comparing which shouldn't be taken lightly. Would just take a good look through their companies as that's generally pretty telling of the types of assets they're buying if you follow the spaces they play in.
Dolor sit odio ab eos. Mollitia quis repellat ipsum quo. Voluptate dolor ipsa asperiores et. Quia impedit qui eos dolorum.
Hic alias ut est commodi. Rem quia quidem aperiam recusandae provident. Magnam quo quia rerum sit fugit quibusdam rerum. Ratione ea sint illo atque asperiores commodi.
Dolor perferendis qui distinctio alias voluptate minima rerum veritatis. Voluptatem sequi sed dolorem aspernatur. Quia dolor sequi commodi velit. Qui corrupti quisquam aut aut veniam esse fugiat. Eos modi dolor dicta ut molestiae.
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...