How Private Equity Works and Measuring Investment Success

Private equity works by making a capital commitment that is called upon as needed. The success of this type of investment is measured by the internal rate of return (IRR), which determines how quickly and how much money is earned. This particular investment is expected to have high IRRs and offers opportunities to invest in various markets. The speaker is enthusiastic about this investment, comparing it to the revival of John Travolta's career in Pulp Fiction. Overall, the speaker is confident that this will be a successful and significant IPO.