The Architect
Structured and legacy-driven; builds the systems and institutions that last.
David Conrod is The Architect because he thinks in systems and load-bearing structures. His 'trilogy' framework of LPs, GPs, and intermediaries treats capital-raising as interlocking architecture rather than opportunistic dealmaking, each component designed to reinforce the others.
“In California, apparently in the state of California, there are no new liquor licenses. You have to buy an existing one, and 15% of the purchase price has to go in escrow while the due diligence is completed on the new buyer, and that's a 10% business. It's small. We've seen.”
“And more using the balance sheet that they were building to act more as a direct investor middle of 2010, a lot of us on the capital raising private fund group inside Guggenheim became independent. We're still very close with a number of the people that were there when we were there.”
“I think in the slow interest rate environment, people are looking for yield. And income, and how do they have a benchmark and when bonds are returning zero, they need to look at other income related alternatives. We've talked about sale Eastback. We've talked about Music Royalties, talked about film and TV royalties.”
“I think in the mid-market, let's call it the lower mid-market, 250 to a billion. Is probably 250 is the lower end. Mid cap would be, I'd say, between 500 and a billion and a half or 500 and a billion fund size. There's more exit opportunities when you have a company at that level than you have a $5 billion company, right?”
Masters in Business: “David Conrod on Successor Funds and Growth Equity (Podcast)”
LISTEN AT THE SOURCE ↗THE RECORD IS CHECKABLE