Why does anyone go public? Cash out for the founders, allow further expansion, etc. The comps are public and the handful of international PE IPOs late last year went very well.
Thank you for clarifying. I didn’t realize that the incentive still existed for an already established PE giant especially with the favorable dry powder situation at the moment
The dynamic at play is that allows them to raise permanent capital (i.e., IPO primary proceeds go direct to the balance sheet to be used for whatever - funding new investment strategies, etc.) rather than LP capital you can get by raising a fund from investors
Disclaimer: I did not review anything for the TPG IPO so I’m not sure what the primary / secondary split was for the offering, comments above are in general
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Why does anyone go public? Cash out for the founders, allow further expansion, etc. The comps are public and the handful of international PE IPOs late last year went very well.
Thank you for clarifying. I didn’t realize that the incentive still existed for an already established PE giant especially with the favorable dry powder situation at the moment
The dynamic at play is that allows them to raise permanent capital (i.e., IPO primary proceeds go direct to the balance sheet to be used for whatever - funding new investment strategies, etc.) rather than LP capital you can get by raising a fund from investors
Disclaimer: I did not review anything for the TPG IPO so I’m not sure what the primary / secondary split was for the offering, comments above are in general
Gotcha makes more sense if the capital is versatile. Thanks a bunch
Nulla et ratione aut non atque. Rerum ex eligendi atque voluptatum itaque qui cum. Cupiditate odio et quia sequi quia. Error cupiditate ab dignissimos. Dolor temporibus aliquam assumenda et qui itaque nam sint. Amet sit itaque velit dolores est.
Commodi doloremque labore maiores aut. Repellendus magni soluta sint quo nihil. Mollitia vel debitis vitae animi. Maxime eum magnam magnam illo laudantium.
Accusantium doloremque nemo quae laudantium nisi accusamus. Dolorem corrupti deserunt a repellat. Officiis eaque ea aut itaque non.
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