Evidence receipt / belief
Published · transcript-backedBrad Gerstner: belief
15 Mar 2022 Acquired Altimeter (with Brad Gerstner)
“In that pool of capital, we could also do a certain amount of private investing. But we realized that for the venture and growth opportunities that we saw, we needed a longer duration pool of capital.”
Source trail
Everything needed to verify it.
- Speaker
- Brad Gerstner
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 15 Mar 2022
- Publisher
- Acquired
- Episode
- Altimeter (with Brad Gerstner)
Transcript context
…Dedicated for venture investing versus the [...]. We had a public pool of capital, which was long-short technology effectively. We also became pretty well known for doing a lot of travel-related investments. In that pool of capital, we could also do a certain amount of private investing. But we realized that for the venture and growth opportunities that we saw, we needed a longer duration pool of capital. The strategy makes sense and history has obviously shown that, but how do you trade off? If you're running a public, you probably want to be pretty close to fully invested. For privates, you need dry powder. How did you solve that? Is that by raising these dedicated pools?…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.