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Thank you so much! This is by far the clearest explanation of the waterfall I have come across. Its cleared up so many doubts for me

So the GP does not have people. Simply a mere entity?

Thank you. I’m realizing that the best way to growth is through acquisition.

Can this same approach be applied to real estate, as a debt fund using the property as collateral (non equity position)?

Thank you. I’m in an introductory class at a school and they don’t explain any of this as succinctly as you do.

This is well made

really informative

Godzilla can appear in an instant 😂😂😂

8:58 Don't understand why you just didn't multiply the sum of row 42 and row 47 by 20%... It still gives you the same number

Important to add some industries have corporate centers that benefit from scale. Rolling up car dealerships doesn’t have the same benefit as a dental practice that can share call centers, billing, marketing etc. Moreover, in some industries the entrepreneurial drive of the owner is required for success and consolidation destroys the operations. Great video and introduction.

In calculating the catch up fees why you have included the capital invested $10Mn ?? Catch up fees is calculated on the profits beyond the hurdle?? So, step 1 return capital invested 10Mn / step 2 hurdle 20Mn profit x 8% hurdle = $1.6Mn / step 3 catch up fees 1.6mn / 80% x 20% = 0.4K / step 4 carry 18mn will be distributed 80/20. Appreciate to correct me if, as i got confused. Thanks

North korea tried to shot it with nuclear misle but missed

Hi, what is the porfolio fee range that the mgmt co charges the portfolio company?

"Hello humans"😂

This is exactly the video i wanted to refresh my memory

Similar to Dollar Shave Club, I would say "MANSCAPED" are also a great example. Before MANSCAPED, men would have a myriad of average choices with regards to manscaping products such as trimmers. MANSCAPED has absolutely blown most other players in this market, outta the water.

In the long run though the arbitrage would collapse if the public market found out you are just issuing stock at a high multiple to buy a at a low multiple with no value add; eventually the two multiples would converge hence getting rid of the arbitrage. To keep a roll up going long term you need to add operational efficiencies to do a 1+1 = 3 model.

Hello I went on the link you provided and it is a different excel that is provided vs what was shown in the video

Maybe it's because I'm completely new to the world of PE, but honestly, I felt that your video to be substantially insightful. One minute into the video, I subscribed because it's rare to get such absolute to-the-point facts and insights without any bs. I came here because I was trying to find how can I start investing in the PE world here in the UK. I read Tony's book and he talks about PE investing as the first alternative investments. Glad I found your video. This is the first one I've seen, I'll now explore your channel. Thank you for taking the time to create this - I'm sure a lot of time has gone into adding so much alpha every single minute. Pure gold, many thanks, and best wishes, brother!

Could you give some advice for private credit modeling? I want to get in the field but wondering what kind of models they create and manage. LBO modeling would be enough for potential case study test?

Excellent summary of the science. I've read "Making it Stick" but was not aware of the Greek writing style and its rationale. I've have shared the video with the children 🙂 and added that the self-testing is why they may see their father walking around oblivious to his surroundings... he's trying to recall and work though new information.

No more spaces for me. Good stuff here.

Very logical for understanding and retention!

Fascinating. Isn’t an EBITDA multiple based on industry? Would this only be possible for companies that are looking to vertically integrate?

Thank you for this

Thank you!

Spot on. Understand cash and how it flows through a business and you understand the blood flow of your investment

I’ve been wondering why Gstaad Guy’s videos were suddenly even better. I love his satire so much!

would complete your approach if you can show this scheme in term of share? and financial flux betwwen all those entities

Still adding value

Venture Capital funds typically don't have a preferred return; however, they do have catch up provisions. How does one calculate catch up without a preferred return?

Well said

You can also press alt w v g

A million million

No, the earth is 7,000 years old

Thank you

awesome!!! Thank you for explaining

Do you ever blink? Good videos btw!

Is it possible to now the last value and also get the which qtr the value belongs to??

Wow, quite the pivot for Bill Haider to go from SNL, Barry to now financial tutorials!

If I am buying a base company and rolling up additional companies, can I do this all at once or is it better to do one at a time? And for the base company can you only put 20% down to start and have the rest as a balloon loan? Thank you for the help!!

This is great!! Love the examples and simplified breakdown.

I need to sum the first N values in the rows bellow a given reference, not considering the empty cells. For example, sum the first 10 valid (not empty) values in a column. Could you explain how to do that? would it be possible to use this formula just adding some other functions?

Lovely Sir, Thank you much❤❤❤

Honestly sounds like the next bubble. How is it not a pyramid scheme?

Is it safe to assume Independent Sponsors (GPs) and Managing Partners are the same?

is there anyway to do this formular without having it sorted into smallest to largest? ie just remove all blank cells and copy it into another table?

Please remove gridlines from my phone please remove redlines from my phone Please remove red lines from my phone It's not photos it's all over my phone 0:27

Thank you so much!!!! I was losing my mind scouring the internet to find a solution to this problem.