Business
01:32 - Allen's background03:17 - How Hellman & Friedman differs from other private equity firms06:10 - Private vs public businesses08:49 - Capacity constraints & manager incentives 12:35 - Asset gathering in private equity17:01 - Public vs private portfolios22:42 - Do interest rates matter for returns?24:06 - The importance of culture27:26 - A save environment for "intellectual brutally" 34:28 - Democratization of private equity 39:53 - Is there Alpha in public investing?45:25 - How do you change the negative manager selection bias?53:42 - Challenges and outlook