private equity: everyone on the record — The Minutes https://minutesof.com/on/private-equity/ Everyone on the record about private equity: 11 verbatim quotes from 3 people, July 2021 to August 2026, in one chronology, each with a timestamp and a… en Sun, 30 Aug 2026 22:33:10 +0000 Dylan Patel: Patel argues AI business transformation has severe upfront spend spike then major cost efficiency https://minutesof.com/q/beb99cd3-2c36-483e-8d3e-dbdbe09ba3fb/ https://minutesof.com/q/beb99cd3-2c36-483e-8d3e-dbdbe09ba3fb/ “Like you spike up on spend a lot for the one time and then you spike down a lot and your cost efficiency is way better.” — Dylan Patel, SemiAnalysis Mon, 17 Aug 2026 15:00:06 +0000 private equity Marc Rowan: Rowan argues enterprise software losses are about sector concentration and AI disruption, not publ https://minutesof.com/q/f408adef-241d-422c-8719-282f03062235/ https://minutesof.com/q/f408adef-241d-422c-8719-282f03062235/ “Because if you're public and you are concentrated in enterprise software, the stocks are down 6070%.” — Marc Rowan, CNBC Events Thu, 16 Apr 2026 13:25:25 +0000 private equity Marc Rowan: Rowan says the real story is private equity's 30% concentration in enterprise software during an A https://minutesof.com/q/ea5fa7dc-1084-493b-bd85-bfea99915f0e/ https://minutesof.com/q/ea5fa7dc-1084-493b-bd85-bfea99915f0e/ “we're seeing, this technology shift take place at a point in time when the private equity industry spent a decade where 30% of their activity was enterprise software. That to me is the story.” — Marc Rowan, CNBC Television Wed, 15 Apr 2026 15:43:40 +0000 private equity Bill Gurley: Gurley dismisses mid-market private equity work as unmotivating though acknowledging money can be https://minutesof.com/q/548ef570-3e05-41b9-8094-3dc2be229f0d/ https://minutesof.com/q/548ef570-3e05-41b9-8094-3dc2be229f0d/ “I don't even I would never be motivated by it, but but, you know, I'm not not necessarily shitting on them too bad. Like, somebody there are you can make money.” — Bill Gurley, Chris Williamson Sat, 14 Mar 2026 15:00:16 +0000 private equity Bill Gurley: Gurley argues most US endowments and foundations are over-invested in private markets with no inc https://minutesof.com/q/8617f662-a82f-411e-8327-239874331e26/ https://minutesof.com/q/8617f662-a82f-411e-8327-239874331e26/ “And I think that the way the industry is structured in this would require longer conversation. There's no incentive for the operators inside of the endowments or foundations to get the paper marks right.” — Bill Gurley, Bloomberg Podcasts Thu, 05 Mar 2026 01:47:37 +0000 private equity Bill Gurley: Gurley argues most US endowments and foundations are now overinvested in private equity and ventu https://minutesof.com/q/0999a2b8-e591-41fb-b3aa-25d197235cbd/ https://minutesof.com/q/0999a2b8-e591-41fb-b3aa-25d197235cbd/ “I think the Swinson mimic effect has now played out. And I think personally that most of the endowments and foundations in The US are over invested in private, both PE and venture.” — Bill Gurley, Bloomberg Podcasts Thu, 05 Mar 2026 01:47:37 +0000 private equity Marc Rowan: Rowan distinguishes between traditional private equity and a new model of private equity without l https://minutesof.com/q/2a8a10a2-c053-4795-af0a-2e8928fe7262/ https://minutesof.com/q/2a8a10a2-c053-4795-af0a-2e8928fe7262/ “I think we're heading to a world where we not just have private credit, but we have equity that is private, not just private equity.” — Marc Rowan, CNBC Television Wed, 03 Sep 2025 12:01:15 +0000 private equity Bill Gurley: Gurley recounts PE firm making billion dollars on DoubleClick exit but struggling because it was https://minutesof.com/q/3343a9c6-fb7e-44a0-8c79-7c3ca1fbe971/ https://minutesof.com/q/3343a9c6-fb7e-44a0-8c79-7c3ca1fbe971/ “I said to him, I want to say, congratulations, man, that's incredible. He goes, well, it's in a $4,000,000,000 fund. Wow. Wow. You know? Yeah. So, That's you have an incredible outcome.” — Bill Gurley, BG2 Pod Thu, 31 Oct 2024 17:46:51 +0000 private equity Marc Rowan: Rowan reports Apollo's $25 billion fund is delivering 44% gross returns and high-20s net returns. https://minutesof.com/q/f24d8bd1-cbaf-4458-baa7-a93261ae1216/ https://minutesof.com/q/f24d8bd1-cbaf-4458-baa7-a93261ae1216/ “44% gross on the $25,000,000,000 fund, high 20s net. The world just keeps moving. The world just keeps changing. It's our job to continue to reinvent ways to extract and to produce value.” — Marc Rowan, Bloomberg Live Thu, 15 Jul 2021 20:01:59 +0000 private equity Marc Rowan: Rowan cites 44% net returns in Apollo's 2001 fund and recent funds ranging from $15-25 billion. https://minutesof.com/q/7da51125-f546-40e0-b562-7b1d59806ff8/ https://minutesof.com/q/7da51125-f546-40e0-b562-7b1d59806ff8/ “And in that fund, which was the 2,001 fund, 44% net returns. So, now you fast forward and you look at the last three funds we've done.” — Marc Rowan, Bloomberg Live Thu, 15 Jul 2021 20:01:59 +0000 private equity Marc Rowan: Rowan cites 44% net returns on Apollo's 2001 fund to counter concerns about too much money chasing https://minutesof.com/q/f17dfb17-087e-40e1-8beb-042b1df54ee4/ https://minutesof.com/q/f17dfb17-087e-40e1-8beb-042b1df54ee4/ “And in that fund, which was the two thousand and one fund, 44% net returns. So now you fast forward and you look at the last three funds we've done.” — Marc Rowan, Bloomberg Live Thu, 15 Jul 2021 15:56:20 +0000 private equity