[REPLAY] - Private Equity Masters 2: John Connaughton – Bain Capital (Capital Allocators, EP.201)
Private Equity Deals with Capital Allocators
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Portfolio Construction
The firm has earned over 1000 basis points higher than the private equity mean during our history. A lot of people basically are targeting maybe premium returns, but they're just largely looking at averages and saying, Hey, look, if I could put more money to work at a return that's accepted to investors,. Whereas our optimization function is, Hey, I want to earn an exceptional return. And so I think it's just a different orientation towards portfolio construction that needs to be understood and studied better.
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