10+ hours of podcasts, in 5 minutes.
4 quotes from 1 episode on Private Equity Funcast, each with a timestamped link to the source.
Lee McCabe stated that private equity had an easy period for 20 years due to automatic market rerating. Lee McCabe explained that firms could buy an asset, sit back, and watch multiples increase.
Private equity firms historically only required strong governance to succeed.
“And that means a PE firm has had to do one thing well. Governance…”
Publishing knowledge builds company brand and trust without risking intellectual property loss.
“There's no secret sauce in this. The benefit you get from just sharing the knowledge, the benefit you get in building that brand and building trust in you as a person and your company way outweighs anything you think you're going to give up or going to give away IP.”
From Why Private Equity Must Trade LP Pitch Decks for Media Brands
Lee McCabe stated that private equity firms had an easy time for 20 years. Firms could buy assets and watch multiples increase as the market rerated.
“I think private equity has had a very easy time. I think it's been like shooting fish in a barrel for 20 years because of a few things. One, if the market rerated the assets automatically every four years, happy days. You could buy something, sit back and your multiple would increase.”
Lee McCabe stated that effective execution relies on data and deep knowledge of the business.
“It should be five things. Back to the data again. And it should be all based on data. And it should be about knowing your business and saying if we do these five things well, it's going to pull these levers.”
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