Take that Carlyle and Blackstone!

I just came across this terrific Jon Moulton quote in an English magazine, The Business.  Jon is the head of Alchemy Partners, one of the UK's most successful mid-market firms.  And doesn't the truth hurt!

"Large funds have far too much staff.  They have teams of 30 people doing one deal - most never do anything, it only needs five people.  There's a morale issue; what are you going to pass your days doing? 

We've been out recruiting for the last year, and we've seen people from large funds:  they've got a good Harvard degree, been at a large fund four or five years.  We call them 'deal virgins.'  They're highly paid people who've never done anything - and they know it."

Comments

[Me]

Woa...back from the dead :-)

Wondered what happened and was at a loss for a moment when "carried interest" showed up as having something new on my rss reader.

Welcome back... I hope.

[Richard Wilson]

I would like to buy this blog from you. Would you be willing to sell it? Thank you for your time and consideration.

- Richard
Richard Wilson
Richard@HedgeFundGroup.org
503.789.7901