Equity Mates Investing Podcast Expert: Cameron Blanks - 3 key lessons from 20 years of private equity deals | Pacific Equity Partners
Oct 10, 2024
Cameron Blanks, Managing Director at Pacific Equity Partners and a veteran in private equity since 2002, shares invaluable insights from his extensive experience. He reveals three key lessons learned over two decades, emphasizing the significance of strategic alignment and long-term investment approaches. Cameron illustrates these principles with engaging case studies, including Peter's Ice Cream and VEDA. He also discusses the evolving landscape of private equity, focusing on new opportunities for individual investors as firms stay private longer and new evergreen products emerge.
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Private Equity Outperforms Public Markets
- Private equity has outperformed public equities by 5% to 10% annually over the long term with less volatility.
- This superior performance is notable in late stage buyouts of cash-generative, established businesses.
What Late Stage Buyouts Are
- Late stage buyouts involve buying large, founded, cash-generative businesses with iconic brands.
- They outperform more volatile venture capital by reducing risk and focusing on operational execution.
Drivers of Private Equity Success
- Three key drivers for private equity outperformance are alignment of interests, active management and a long-term approach.
- These factors help unlock value beyond public markets constrained by short-termism.