Fund managers, page-1117

Hi @saintex

It will on the basis that VPC’s funds are maturing over the next 3 years. Earnings will be enduring and grow over this period.

Same for some of Proterra’s, Aether’s and Carlisle’s funds.

Pennybacker was generating close to $1M in earnings for PAC when they first invested. They will push to tier 1 status this year based on PAC’s categorization model. This means they will hit $4M in contributions to PAC’s revenues, a 400% return and it won’t stop here.

PAC is essentially a perfect earnings storm about to hit and there is a lot of growth left from other boutiques, particularly the recent investment which recently grew FUM by 30% (but PAC probably knew this was coming).

RPL will be up today, it is a very good deal for its business.

Will consider investment in RPL versus opportunity in GQG. GQG at the moment is higher return and higher growth potential.