Three Notable Quotes from Golden Gate’s Jesse Rogers
Reporting live from Buyouts West. Here are thoughts from Golden Gate Capital Co-founder Jesse Rogers on the “Golden Era” of private equity, mega-fund disdain, and the specter of taking private equity firms public.* On Going Public: Speaking as one person, and not as part of Golden Gate’s partnership, I think it’s antithetical to being a long term investor. It places a huge interest in building fee streams and misalignment with LPs. The lumpy returns that come from private equity is not what the public markets want. As we think strategically with our business, we don’t think that helps. It creates a distraction and fee incentives for things that work against our goal, which is to create superior returns for our LPs.
15 April 2010•2 mins read
