@crippdaddy91@BigJohn043 I don’t really care much for them either. I was an associate for 3 years. My IB analyst classmates tho, love them. I’m just so disillusioned with that industry, what I saw, how people at the top behave. They have too much power for as poor as their morals are.
@IAmClintMurphy@robbiehendricks You didn’t read it right. Over 10 years the LP gets a 3-4x NET after everything. Vs today a 2x deal multiple, gross to debt and working capital adjustments. So probably 1.5 to 1.75x depending on how levered, then you have to take in the pref and then upside payout
@robbiehendricks normally, I’d say #2, you just bought the asset. But your hypothetical doesn’t make sense. The asset can CF its way to return back all capital in 3yrs but needs another 7 to hit a 3x?
@shawnrbhatti@ADeermount I hope his career is over. All the PE-verse acts like tough guys. They will dice up a portfolio company as needed, zero regard for human impact. So when they fail it’s their own game they created. Fuck em
@WAR527 I like JP, but I wouldn’t let their mid-level guys sell used patio furniture on FB Marketplace for me. I can’t remember the last upstream deal Intrepid did, mostly midstream. Very weird boutique bank merges with another weird team
@IntellChaos@DukeReaction@cenkuygur Did the IDF send anyone to help with surges in Afghanistan? Did they send anyone to help in Ramadi or Fallujah in Iraq? What about this latest war in Iran? Were there IDF marines ready to stand next to their American counterparts take Kargh Isalnd? no, not once not ever