Evidence receipt / recommendation
Published · transcript-backedBen Gilbert: recommendation
17 Oct 2022 Acquired Benchmark Part II: The Dinner
“You define the scoreboard as fund multiple, and it's not total cash return to LPs. I think that's a clarifying mindset about the way that you guys look at this.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- recommendation
- Recorded
- 17 Oct 2022
- Publisher
- Acquired
- Episode
- Benchmark Part II: The Dinner
Transcript context
…Longtime listeners will probably know exactly what you're talking about. Peter, I just want to clarify something that you said that's interesting. You define the scoreboard as fund multiple, and it's not total cash return to LPs. I think that's a clarifying mindset about the way that you guys look at this. I can tell you, I think of it as an LP. The Benchmark fund, of course, again, we don't show up and say let's drive returns. It would be alienating into everything we stand for to think of it that way. It's the outcome, not the input. I think the cash and cash multiples, both as an LP, it's a real problem for LPs, I will say, because we have large LPs who look at us and like, why did we waste our time with Benchmark? I say, oh, yes, you're right.…
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