The Distribution by Juniper Square
Juniper Square
2 episodes
32,000 Companies, 1,500 Exits: Why Direct Secondaries Became Private Equity's Liquidity Fix - David Wachter - CEO at W Capital Partners
3 Nov · 39 min
- Private equity backed companies grew from 7,000 to 32,000 while exits stayed near 1,500 a year, forcing firms to find returns without selling.
- David Wachter says NAV yields fell from about 20% before 2021 to 7-14%, stretching payback to roughly ten years.
The Programmable Economy: Where AI, Data, and Capital Converge - Nick Shalek - Partner & Co-Founder @ Ribbit Capital
14 Apr · 55 min
- Nick Shalek predicts every asset will eventually be tokenized, making the world legible and programmable to machines and agents.
- Shalek argues horizontal SaaS is now replicable, so Ribbit backs physical-world moats like Base Power's virtual power plant.