Permanent Equity

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CFA Institute. CFA Institute is a global association of investment professionals, whose mission is to lead the investment profession by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society. CFA Institute serves a global community of investment professionals working to build an investment industry where investor's interests come first, financial markets function at their best and economies grow. The Chartered Financial Analyst credential is the most respected and recognized investment management designation in the world. The views expressed in this podcast do not necessarily represent the views of CFA Institute.

[00:02:59] – (First question) – Looking at the process that they went through to identify their first company at Chenmark.

[00:05:02] – Why the company ended up in Maine

[00:05:58] – What was the raw material to first evaluate a business

[00:07:50] – Exploring how they priced out that first company and the factors that played into it

[00:09:42] – Asked about some of the hiccups of that first acquisition that wound up being things that they enjoyed.

[00:11:31] – Looking at the things that were supposed to be difficult that weren’t there

[00:14:06] – The balance of maintaining Chenmark’s edge while also looking to grow the portfolio

[00:17:12] – Asking about the future vision of the company

[00:20:46] – What talent and skillsets from their prior careers have helped them in this field

[00:26:00] – When it comes to buying a business, what are the factors that provide them with comfort to going to the next level

[00:27:58] – Diving into the rest of the Chenmark portfolio

[00:32:26] – A look at the competition in the search fund market

[00:39:38] – What are their thoughts about outside investors

[00:43:07] – What are their thoughts on fees, as far as what they could charge and what they think about the ones that exist in the rest of the investing world

[00:48:40] – What does it feel like to have skin in the game and to be taking so much risk in the venture personally

[00:55:21] – Looking at the most memorable day of their careers

[00:59:24] – Explore the kindest thing anyone has done for them.