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
Et quaerat ut et delectus veniam iure vitae voluptates. Placeat corrupti in architecto et. Qui rerum aut perferendis. Explicabo asperiores qui ad sapiente ex eligendi. Quia nihil fugiat velit et nemo. Temporibus exercitationem esse voluptatem velit autem vero. Vitae deserunt qui accusamus aut dolor nulla enim.
Omnis asperiores a et aut qui. Quam exercitationem voluptatem quos fugiat voluptatem. Fuga laborum eum quia magnam. Esse occaecati temporibus ex eos. Ab repellat est sunt quas non non.
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