YouSaid · the spoken record

Jeffrey Perlman

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56
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2025-04-21
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2025-04-21
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1
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podcast

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  1. “Yeah, 1974 was one of those years that I think when we were in business school, we studied what happened in the market. So you talk about the investment environment in 1971, but how does that compare with the current environment? There is a perception that higher rates and an uncertain geopolitical environment, and that's an understatement, not to mention a greater degree of competition, make this a really difficult environment for private equity investors. So what is your view of today's environment?”

    2025-04-21 · Goldman Sachs Exchanges · Warburg Pincus CEO Jeffrey Perlman on navigating a trickier private equity environment · IDENTIFIED FROM THE TRANSCRIPT

  2. “Right before Star Wars ultimately came out. And so it was a great kind of example of a lot of noise, a lot of challenging times, stagflation, still find really interesting and compelling opportunities to invest in.”

    2025-04-21 · Goldman Sachs Exchanges · Warburg Pincus CEO Jeffrey Perlman on navigating a trickier private equity environment · IDENTIFIED FROM THE TRANSCRIPT

  3. “Also, in the limited partnership agreement, I think it was all of 10 pages, and it probably covers about 95% of what's in our documents today that now consist of about 1,000 pages. So the visionary elements that Lionel had when you think about the structure of that vehicle pretty much still holds today. I think also when we go back to the 1970s, you know, it was a very uneven decade in terms of performance for the markets. Markets were basically flat over almost the entirety of that decade. But like anything, you still find opportunities. So I was going back in time and one of the great investments in that fund was we invested all of $5 million for a 10% stake in 20th century Fox.”

    2025-04-21 · Goldman Sachs Exchanges · Warburg Pincus CEO Jeffrey Perlman on navigating a trickier private equity environment · IDENTIFIED FROM THE TRANSCRIPT

  4. “And if you went back, also, what was unique was we called all the capital on day one. Obviously, today we all are used to capital calls, the capital being invested over multiple years. But candidly, no one trusted their investors in those days. It was a new product in that regard. So we called all the capital on day one.”

    2025-04-21 · Goldman Sachs Exchanges · Warburg Pincus CEO Jeffrey Perlman on navigating a trickier private equity environment · IDENTIFIED FROM THE TRANSCRIPT

  5. “And when I look back in 1971, we raised at the time it was a 41.5 million dollar fund. I think the Wall Street Journal at the time said, wow, where is Warbur Pink is going to be able to invest all of this capital?”

    2025-04-21 · Goldman Sachs Exchanges · Warburg Pincus CEO Jeffrey Perlman on navigating a trickier private equity environment · IDENTIFIED FROM THE TRANSCRIPT

  6. “Yeah, this may not surprise you, Alison, but that does predate me. It does not surprise me. Going back to that first fun, Lionel Pincus was really a visionary for the industry, really coined the term private equity.”

    2025-04-21 · Goldman Sachs Exchanges · Warburg Pincus CEO Jeffrey Perlman on navigating a trickier private equity environment · IDENTIFIED FROM THE TRANSCRIPT