Here, too, there has been a lot of talk about PE markets and products, so in this podcast, we delved into the wonderful world of PE together with Saku Sairanen from Fundco. PE is indeed a peculiar field. Usually, in the financial sector, people are extremely precise about costs and skeptical of all talk about excess returns (everyone knows how difficult it is). In PE, however, these things seem to lose their meaning, and costs don’t matter; all managers generate excess returns, and the question is mainly whose return is the highest. Some influencers in the industry seem to have an almost euphoric attitude towards PE. As I say in the podcast, I consider PE a very necessary financing channel for the economy and genuinely believe that good managers can create tremendous added value. At the same time, however, I argue that the gold rush of the last decade has gone overboard, and a large part of the investors who rushed into PE in recent years will be disappointed when the funds are finally liquidated sometime in the next decade…
So, put on your headphones and listen! 