Dyal's Michael Rees on Investing in Private Capital

The video discusses private equity investment strategies, focusing on building long-lasting businesses with permanent capital. It highlights the evolution of the industry, emphasizing value creation and the need for scale. The growth of the private credit industry is also explored, noting its role in replacing traditional banking functions. The discussion includes insights into valuations, exit strategies, and the importance of long-term partnerships.

What are the key factors that investors look for when investing in a private equity firm?

How has the private equity industry evolved over the past 30 years?

What does the term 'value creation' mean in the context of private equity?

What challenges do small firms face in the private equity industry?

What role do large firms play in the private credit industry?

How do investors perceive the valuations of unicorn firms in the private equity space?

What is the significance of having a long-term partnership with private equity firms?