The PE Guy

IB survivor | Private Equity Hack | Memes | Threads

[The PE Guy @PEBites]

Private Equity compensation, a thread

👇👇👇👇

[The PE Guy @PEBites]

@BoringBiz_ Great book. Would say LoF focuses on the bankers who set the stage for the Crash, whereas 1929 details market mania of the moment and reads more like a novel. One policy oriented, the other market-oriented. Solid books to read back to back 👍

[The PE Guy @PEBites]

@BigJohn043 Discounts are strongly correlated to remaining duration. If a buyer underwrites a 10 yr old portfolio to a 1.2x but is targeting a 1.5x, then they buy it at 80%. This does not mean fundamental asset value is over-marked. Few understand this.

[The PE Guy @PEBites]

Trump just told Biden to meet him on the 9th green at 9.

[The PE Guy @PEBites]

Why JT look like a summer analyst who just went drink-for-drink with Mark Hanna on Absolut martinis?

Excellent strategy sir.

[The PE Guy @PEBites]

@BustedAuction Agreed. I did 5 yrs IB, 5 yrs PE.. now back in IB. Majority of our generation conditioned to believe PE is a promised land, and for some it is, but there is a lot of herd mentality around that idea.

[The PE Guy @PEBites]

@midmarketPEguy Good thread. Strong mitigant is proliferation of secondaries market, which enables LPs/GPs, and especially LPs, to generate liquidity outcomes to rebalance portfolio. Denom affect still a drag on fundraising there, so it’s only a mitigant to a certain extent since demand > supply

[The PE Guy @PEBites]

@carrynointerest Same.. we’re scrambling mostly on capital call lines related to Signature / SVB. Fun times.

[The PE Guy @PEBites]

Fintwit was pure comedy this weekend.

Some of you have never been through a financial crisis and it shows. Social media proves to be a dangerous hysteria hyper loop.

[The PE Guy @PEBites]

He’s either the most out of touch President we’ve ever seen or this is best troll of 2023. There is no in between.

[President Biden Archived @POTUS46Archive]

My Administration is cracking down on illegal, surprise overdraft fees.

We’ve already secured $30 million in refunds for about 170,000 account holders.

And we won’t stop there.

[The PE Guy @PEBites]

And it’s certainly no different today than it’s ever been. 1637, 1797, 1819, 37, 57, 84, 1901, 07, 29, 37, 74, 87 - Jesus didn’t that fuck me up good - 92, 97, 2000, 08, 2020 and whatever we want to call this.

It’s all just the same thing over and over. We can’t help ourselves.

[David Sacks @DavidSacks]

Where is Powell? Where is Yellen? Stop this crisis NOW. Announce that all depositors will be safe. Place SVB with a Top 4 bank. Do this before Monday open or there will be contagion and the crisis will spread.

[The PE Guy @PEBites]

@bowtiedtruther Palm Beach

[The PE Guy @PEBites]

Seriously considering an opportunity in South Florida. Wife and I (and now son) have lived in the NY area for nearly 10 years. Humbly calling on FinTwit to provide any insights. If you’ve made the transition, any regrets?

[The PE Guy @PEBites]

@SquawkBond Yea burbs, commute to city now. Benefit is NY has plenty of exit opps, opposite is true of SFL for what I do which is a primary concern atm.

[The PE Guy @PEBites]

I don’t know why this Genevieve person keeps popping up on my timeline but at this point I’m too afraid to ask.

[The PE Guy @PEBites]

@SoullessAnalyst @PrivatEquityGuy @midmarketPEguy @GuyDealership @QSRguy @veryfinanceguy @fastcasualguy @realEstateTrent

[The PE Guy @PEBites]

It’s that time of year again… 🤡

[The PE Guy @PEBites]

Succession ending after season 4 is both the best and worst news of the week. Virtually guarantees the szn will be a banger and cemented in TV lore. Ending the show early is a big brain move.

[The PE Guy @PEBites]

@Trident_Capital

[The PE Guy @PEBites]

Everyone in PE knows about the “what”, very few focus on the “how”.

See below some unsolicited (and random) tips on improving your effectiveness as a PE investor.

Have a great weekend all.

TPG

[The PE Guy @PEBites]

12. When it comes to career moves, trust your gut

People will tell you what should do, they all have agendas or bias that dictate that perspective. Only you know what is best for you. Be thoughtful and deliberate with your decisions, don’t burn bridges.

[The PE Guy @PEBites]

11. Build relationships

One day you’ll wake up and realize how many people come in and out of your life. I got my current job thru a relationship from my 1st yr in IB who I had not spoken to in 10 yrs. You never know how people will come back in your life, cultivate your network