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Feb 13
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LONG
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David Solomon
Chairman and CEO of Goldman Sachs
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"Smaller IPOs require... more discount... smaller companies it's always more attractive to sell a company for 100% of its value and get that cash today privately." While the IPO market is opening for large caps, Solomon notes that small companies are better off selling privately. This dynamic feeds deal flow to Private Equity firms and alternative asset managers who act as the buyers/consolidators in private markets. LONG Private Equity managers (like Blackstone/KKR) who benefit from robust private market transaction volume. Higher interest rates impacting leverage costs for private deals. |
CNBC
Goldman Sachs CEO David Solomon: The macro se...
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Feb 12
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LONG
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Jonah Van Bourg
Global Head of Trading at Cumberland
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Jonah advises to "borrow money, buy stuff" and notes that "Private investments... construction companies... physical security" are where the 50-100x returns are. Public markets are efficient, but the physical reality of AI (building warehouses, securing servers, retrofitting real estate) offers massive arbitrage in the private sector. Inflation/Yield Curve Control is coming, making debt cheap relative to hard asset appreciation. Leverage up to buy hard assets (Real Estate) or start/invest in service businesses supporting the AI supply chain (security, construction). Over-leverage in a "higher for longer" rate environment. |
1000x Podcast
What Does AI Mean For Your Future?
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Feb 10
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LONG
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Matt Hougan
CIO, Bitwise Asset Management
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The next 10-year growth story for ETFs will be cracking open private markets (private equity, private shares) for everyday investors. Similar to how ETFs democratized institutional strategies (options/yield), they will soon democratize access to private companies that family offices have traded for decades. N/A (Forward-looking prediction). Regulatory hurdles and liquidity concerns regarding private assets in public wrappers. |
CNBC
How crypto's recent volatility impacts ETF in...
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