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Everyone in the MM space (Ik their fund size is way larger than MM, but they are fundamentally investors in MM businesses) says they have differentiated operational experience... Genstar actually has it.  Pretty sure their loss ratio is either 0% or something ridiculously low, and every fund is top quartile. Good people, great returns, rapidly growing, and a history of promotions internally. If I were an IB analyst right now and wanted to do PE in the long run, this would be one of the best spots to target. 

 

Really large set of operators on deck for them. Truly great operators with genuine expertise. Very lean investment team: would guess sweaty but all nice guys (at least from my banking seat view).

 

GTCR is objectively not a MM firm They just exited Worldpay at $24bn, that's as "UMM" as it gets

 

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