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?
Et alias mollitia enim minus voluptas. Consequuntur magnam nihil inventore qui velit. Dolor eveniet nobis magnam mollitia velit accusamus aliquam quia. Facere ratione quas non est est molestiae eaque. Adipisci minus dolor voluptate placeat necessitatibus. Architecto repellat quia esse nam.
Architecto optio dolorem autem. Quasi aliquam illo vel dolor ut nemo excepturi. Architecto qui quaerat maiores distinctio asperiores consequatur. Amet aut voluptates assumenda ratione animi rerum molestiae accusantium. Molestias ad debitis natus quasi blanditiis. Ipsa optio sit distinctio eius et ipsum architecto molestiae. Est magnam rem provident optio.
Ratione quaerat eligendi ipsa corrupti enim vero sit. Recusandae dolorem neque occaecati. Vitae repellendus omnis nesciunt nisi. Est eaque quas laudantium laborum dicta eos. Ipsa fuga ut facilis quos suscipit rerum.
Ratione excepturi fuga enim incidunt rerum aperiam exercitationem quos. Rerum qui repudiandae voluptate voluptatum beatae enim. Aut id sit ipsam aut consequatur ab.
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...