Episode #29 Dan Rasmussen – Disrupting Private Equity

Dan Rasmussen is the Founder and Portfolio Manager at Verdad, a hedge fund that attempts to replicate privately-equity like returns through investments in publicly listed highly leveraged micro-caps. Before starting Verdad, Dan worked at Bain Capital and Bridgewater Associates. Dan graduated from Harvard summa cum laude and Phi Beta Kappa and received an MBA from the Stanford Graduate School of Business. He is the New York Times bestselling author of American Uprising: The Untold Story of America’s Largest Slave Revolt. In 2017, he was named to the Forbes 30 under 30 list.

The topics discussed include:

• Replicating private equity with public equities
• Average private equity deal structures now and then
• Leverage buyout transaction structures in US and Asia
• Controlling for risk and bankruptcy probability
• United States vs Japan market for equities
• Doing research in quantitive investing
• Difference of running big and small funds
• The relationship between interest rates and equities
• Why is Dan bearish on VC
• Properties of small cap companies
• Private equity in emerging markets
• Do MBAs make better CEOs?

Verdad’s newletter is one of few newsletters that I read almost religiously and highly recommend to anyone interested in original research that challenge common market misconceptions. You can sign up to Verdad’s newsletter by clicking here (https://verdadcap.us13.list-manage.com/subscribe?u=6dc62f307511d466ff78a94fe&id=6d62717de8). Dan can also be found on Twitter at @verdadcap.

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Luke, Leo & Andy