DeepSummary
The episode begins by discussing the year-to-date performance of major private equity firms like KKR, Apollo, and Blackstone. It then mentions KKR raising a new $20 billion North American fund, highlighting the significant size of such funds.
The episode also covers stories related to Bain's views on AI presenting opportunities in healthcare and patient care. It mentions the Bain midyear report, which indicates that deals are relatively flat compared to 2021, with limited partners becoming anxious to receive distributions from their private equity investments.
Additionally, the episode highlights the success of the vet care sector in healthcare, with numerous deals involving vet platforms, hospitals, and emergency rooms. It also discusses the trend of private equity funds changing CEOs in their portfolio companies, exploring the potential positive and negative impacts of such changes.
Key Episodes Takeaways
- Major private equity firms like KKR, Apollo, and Blackstone have seen significant gains in their stock prices year-to-date.
- KKR is raising a substantial $20 billion North American fund, highlighting the large fund sizes in the industry.
- Bain believes AI presents significant opportunities in the healthcare sector, particularly in patient care.
- The Bain midyear report indicates relatively flat deal activity compared to 2021, with limited partners becoming anxious to receive distributions.
- The vet care sector within healthcare has been experiencing success, with numerous deals involving vet platforms, hospitals, and emergency rooms.
- Private equity funds are increasingly changing CEOs in their portfolio companies, with varying degrees of success and operational versus commercial focus.
- The episode provides insights into current trends, developments, and challenges in the private equity industry.
- It covers topics such as firm performance, fundraising, sector-specific opportunities, deal landscape, and portfolio company management.
Top Episodes Quotes
- “Bain says that AI presents a once in a lifetime opportunity for healthcare, investing in patient care.“ by Scott Becker
- “A ton of different vet platform deals going on. So that's going well.“ by Scott Becker
- “Part of the 6th story we're following today is a story about when PE funds change CEO's and we're seeing more and more of that and trying to see the success in those versus not and what goes on when that happens and whether you find a new CEO who's really commercially minded, could build a team, could scale, or the new CEO is so operational minded that gets stuck in the mud.“ by Scott Becker
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Episode Information
Becker Private Equity & Business Podcast
Scott Becker
6/26/24
In this episode, Scott highlights top private equity news stories for the day.