
#004 Former Assistant Treasury Secretary Gerry Parsky on Lessons from the 70s and Parallels to Now
The Julia La Roche Show
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The Future of Private Equity
I think whenever excess is become as part of the equation, there's an adjustment. Companies that used to be acquired in the language of private equity for eight, nine times Ibadah are being bought for 13, 14, 15 or more times Ibadahs. And if they don't hold and you haven't made acquisitions by these companies at much lower multiples, then I think you're going to have a tough time generating the kind of returns that are advocated.
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