And Yet, The Fact Of The Matter Remains That Most If Not All Of You Would Prefer To Use And Be Used By Steve Cohen For Sex Than Be Shackled To Crab Hands For All Of Eternity
At the Asian Venture Capital Journal conference in Hong Kong...TPG's David Bonderman explained the difference between a hedge fund investor relationship and a private equity investor relationship:
"Private equity all has long term lock ups. So you may like our performance, you may not like our performance, but you're my partner for the next 12 years (makes a smooching, kissy sound here). At a hedge fund, you're my partner for the next 45 days until you can give me notice and get the hell out."
Bonderman's Investment Kiss [Deal Zone via Daily Intel]
