Tag Archives | data

paper and dagger

WSJ Weekend Investor Really Misses the Mark on Private Equity

Mark Hulbert was busy elbowing his way onto the anti-private equity bandwagon on July 5th with his confusing dispatch “Real Returns: Are Private-Equity Gains Built to Last?” Mr. Hulbert heroically ignores a large body of readily accessible research and data to precariously perch his pejorative premises on quite arguable findings from a single, tax-return driven […]

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Warning: Does that Base Case reflect reality? Or Newt and Biff’s Excellent Adventures

Years ago, one of my dearest mentors drummed the following advice into my cranium: One of the most obvious marks of inexperience and sloth is using, verbatim, sell-side information that is spoon-fed to an investor group. This is made more egregious as it obviously comes from parties benefiting from uncritical acceptance of the “data”. Not […]

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Private Equity Capital Overhang from a Middle Market Perspective (part II)

  Statistics: The only science that enables different experts using the same figures to draw different conclusions.” – Evan Esar, American Humorist (1899-1995)   As I have suggested before, the Private Equity market place is not monolithic and most attempts to describe the market in generalities, be it performance or otherwise, fall flat – especially […]

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Private Equity Capital Overhang from a Middle Market Perspective

  “For my purpose holds To sail beyond the sunset, and the baths Of all the western stars, until I die. It may be that the gulfs will wash us down: It may be we shall touch the Happy Isles, And see the great Achilles, whom we knew” -Tennyson “Ulysses” (1842) From a high level, […]

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2012 1Q – Still in a holding pattern

I was catching up on some reading and got a chance to re-visit the First Quarter 2012 Private Capital Access Index published by Dr. John Paglia who heads up the Pepperdine Private Capital Markets Project. For those interested in the Middle Market, I strongly suggest getting involved in the surveys that this project runs periodically. […]

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