Stereotypes on what kind of assets each megafund likes to buy?
Inspired by the earlier post on the forum about stereotypes of PE associates at megafunds, I'm curious on what are the stereotypes of the kind of assets different megafunds like to buy - it probably depends on industry&fund combination, but would love to hear your thoughts!
bump
You can't really stereotype this because they are are massive and involved in literally everything. IE OakTree does way way way more than just distressed/deep value now, Blackstone has a massive growth equity fund etc....
This doesn't work because all the megafunds are so large they have a finger in every pie. +1 for the attempt tho
that makes sense, thank you! @m_1" and KennedySexTunnels !
One point that seems true from afar is that Apollo has more of a value bent and thus is typically buying into dicier situations. If I recall correctly from one of their slide decks, they buy things at ~6x EBITDA on average, well below the industry average
Blackstone: How can I overpay for this great asset?
Carlyle: How can I overpay for this shit asset?
TPG: How can I underpay for this great asset?
Apollo: How can I underpay for this shit asset?
KKR: If we paid $5mm for diligence, how did we never figure out this is a shit asset?
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