• 0 Posts
  • 2 Comments
Joined 1 year ago
cake
Cake day: July 30th, 2023

help-circle
  • "I’ve never seen somebody get two-thirds of their money from a single investor

    “It is normal to invest this money over a period of several years, so I don’t think we can draw a firm conclusion yet. But, again, we’re going back to a guy who’s a real estate guy, and frankly, not a particularly good one at that, who’s suddenly got $3 billion trying to do private equity deals competing against people who’ve been in this business for a long time. And I wouldn’t, if I were the Saudis, count on making a lot of money from this any time soon,” he said, adding: “U.S. private equity firms still raise the vast bulk of their money from U.S. investors. This is extraordinary — unprecedented — I’ve never seen anything like it.”

    “Unprecedented” is definitely a running theme with this circle of players.