This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Most notably and uniquely, our lower middle market strategy provides attractive leverage points and income yield on our first-lien debt investments while also creating a true partnership with the management teams and other equity owners of our portfolio companies through our flexible and highly aligned equity ownership structures.
Unlike in buyout deals, minority stakes limit two key return levers: leverage and operational control. From the private equiteer’s perspective, this means the focus shifts to other levers of generating returns: buying low, growth, and deal structuring. They were also frequently used in SPACs to take advantage of retail mania.
And instead we focus on those things we can control, namely process improvement, cost leadership, and operating leverage. In fact, we've been able to add nearly 140,000 customers year to date without increasing headcount, which I hope you all agree is a very impressive example of positive operating leverage.
Meanwhile, the external deposit data we track shows that the average consumer savings balances declined approximately 2% from the first quarter but remain approximately 7% above 2020's average level. We remain committed to delivering operating leverage for the full year. billion for 2023. I think, look, the consumer is still strong.
There’s a reason Steve Tanenbaum’s fund was $34 billion in 2020. LMR in 2020 was 4.6 If you’re making a directional bet, or even worse, a leveraged directional bet, and you’re your funds going to suffer. And then you also have top multi-strategy funds like Golden Tree. It’s now almost $50 billion.
We have saved customers hundreds of millions of dollars by disrupting the traditional remittance industry with a digital-first approach, transparent feestructure, and customer-centric innovations. So, you know, good leverage in the fourth quarter. and Canada. Hey, Vikas. Thanks for taking my questions. Operator Thank you.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content