Greco Capital

Healthcare M&A. Wellness. Random Musings.

[Greco Capital @Greco_Capital]

@aubreystrobel My favorite social experiment

[Greco Capital @Greco_Capital]

@wizardofFiDi 100% agree. Having spent a lot of time building some of the bigger roll ups in certain specialties, it’s not great for traditional PE investing

Certainly sectors like medspas or more discretionary areas sure…but even there the multiple arbitrage is being eroded away

[Greco Capital @Greco_Capital]

@BigJohn043 There is some level of professionalization that needs to occur, but not every sector needs to be rolled up

A new model needs to exist here, or a move to more infra like investing

[Greco Capital @Greco_Capital]

@BigJohn043 Kinda, but same store sales growth are a key piece of the puzzle that rarely happens

People pitch a de novo strategy that rarely has a track record

Also at some point it becomes pushing more volume / pricing through to patients, which is detrimental to patient care…

[Greco Capital @Greco_Capital]

What happens to Miami post Spirit?

Basically a tariff on the crypto bros flying girls down

[Greco Capital @Greco_Capital]

@JamesonCamp Have seen one excellent case study at scale. All driven by culture at the top

[Greco Capital @Greco_Capital]

@GreekAnalyst Kouli would never

[Greco Capital @Greco_Capital]

@PEoperator They joined early at small, well performing funds who progressively wanted to move upmarket

However as you move upmarket you start competing with everyone else for the same assets. Only so many things you can deploy $50-100mm+ equity checks behind

[Greco Capital @Greco_Capital]

@PEoperator There’s already a whole class of zombie funds. Issue is it will take time for them to blow up and the private market allows ways for them to side step / extend for years. It’s not like hedge funds

Also seeing a lot of mid / upper level PE professionals finally seeing the light

[Greco Capital @Greco_Capital]

This. Theres a reason why banks look for certain types of people

Lots of folks who maybe weren’t in the inner circle / cool earlier in life, but now get to say they’re a hot shot Wall Street banker

[Night Owl @NightOwlCapital]

And OP’s friend cares way too much about the job

Hardos always have worse lives in banking than someone who doesn’t take the job too seriously

[Greco Capital @Greco_Capital]

@BowTiedBroke The “touch grass” movement

[Greco Capital @Greco_Capital]

@AJA_Cortes The issue with these gray market peptide is there’s an unknown in long-term demand

Pharma works because you have long-term contracts with good visibility to payback of capex. Not the same with these sort of peptides

[Greco Capital @Greco_Capital]

@AJA_Cortes There’s also liquid-phase synthesis which is newer but has promises.

There’s been some large scale investments in the West / US in peptide manufacturing, but majority have been in support of GLP-1s which are peptide derived

[Greco Capital @Greco_Capital]

@NightOwlCapital If they force the high earners to flee with higher taxes, at least they can get their share from the middle / low income folk gambling their savings away

[Greco Capital @Greco_Capital]

@wizardofsoho Gotta make sure to sneak in watch

[Greco Capital @Greco_Capital]

@BowTiedBull This is definitely where things are headed

Though not sure how well these guys will do pushing up market

Big component of winning mandates is trust and the old guys in charge aren’t going to trust AI. But can bet 100% that all banks will be pushing this in the background

[Greco Capital @Greco_Capital]

@blknoiz06 Good standing desk is a game changer

Treadmill is a scam

[Ansem 🐂🀄️ @blknoiz06]

there are decades where nothing happens; and then there are weeks where decades happen

[Greco Capital @Greco_Capital]

@NightOwlCapital Interesting..

[Greco Capital @Greco_Capital]

@BowTiedBull One of the best spots is being a mid-level at an EB. If you play it right, can be a pass-through entity for all the work while still clipping coupons

Just make sure you have an escape plan because the music will stop at some point…