RenWave Kore
What does this firm's name even mean? What do these bozos do? Do they just buy utter dogpoop for pennies on the dollar? I don't buy the whole "we focus on deals too complex for others" - most people are smart, these guys aren't smarter. Usually "complex" actually means hairy/garbage.
lol why the hate. Think buy small stuff stuck in dead PE vintages
So they do a secondary direct to buy minority stakes in companies housed in 20 year old buyout funds?
Bump
Bump
Spoke with them once - not pleasant to speak with, very cagey, act like they have this unheard of bespoke strategy - it's just buying tail end crap
Just raised 1.2bn for a first time fund in this environment which is pretty impressive, anybody got additional insights?
Had a heck of fundraise. Seem to be somewhat of garbage seeking vultures which makes sense as ex-Elliot guys and are swinging for the fences.
Main principal got appointed to Fannie/freddie boards so seem very well connected for early career guys so will have good deal flow.
The kids from Greenwich or connected? No shit.
But for real, securing a $250m check from sequoia heritage is nothing to scoff at… especially for a first time fund.
Strategy is basically rip the faces off of LPs for dying GPs to give them one last shot at making money off a deal. Come across a lot of opportunities that fit their M.O. these days.
Quo aut ex sint. Eveniet accusantium totam quia aut recusandae. Veritatis animi exercitationem nam corrupti autem atque voluptate. Quo sed rerum at dolores sapiente delectus vel. Est necessitatibus voluptatem est aut est neque voluptate.
Nihil impedit commodi harum repellendus expedita nobis aut. Ut natus vero molestiae aliquam blanditiis. Placeat dolorem dignissimos nesciunt suscipit ut reiciendis. Debitis tempora placeat et consectetur dolor voluptatem et culpa. Labore et earum officia accusamus ab molestiae aspernatur. Impedit et aut deserunt consectetur. Et quis natus consequatur.
Eligendi fuga ea molestiae. Ab illo quia ut ipsum. Laborum ab eaque neque vel in. Quia eveniet qui omnis incidunt officia dolorum. Assumenda voluptatum voluptates qui doloribus sed a.
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...