This week on the podcast, another extra special guest from the world of private markets,

the partners group is probably the largest private equity firm you've never heard of.

Perhaps because they were originally headquartered in Zook, Switzerland, they're the largest

listed by out firm in Europe. They also have headquarters here in the US in Colorado. They

are decidedly not your typical private equity firm, not your typical Wall Street firm. They

have a very thoughtful approach and a very long term approach to making investments in

the private markets. I found David Layton CEO of the firm to be very thoughtful and very

much different in how he thinks about risk reward, liquidity, various market sectors,

processes, just the whole gestalt of we are a steward of capital with our clients and

we are aligned with those clients. It was really a fascinating conversation. I think

you'll enjoy it with no further ado, the CEO of Partners Group David Layton.

I'm Barry Rittalts, you're listening to Masters of Business on Bloomberg Radio. My extra

special guest this week is David Layton. He is the chief executive officer of the partners

group, which is Europe's biggest listed private equity and buy out firm with a market cap

of about $25 billion. They run over $135 billion in assets. David is on the Global Investment

Committee. He leads the executive team. Previously, he headed the firm's private equity business.

He has been with the firm his entire career. David Layton, welcome to Bloomberg.

It's a pleasure to be here. Let's talk a little bit about that. That's

kind of unusual these days. You went straight to the partners group after you got a bachelor's

in finance from Brigham Young University and the Marriott School of Management and you've

stayed there your entire career. It seems kind of rare these days. Tell us about that.

I found Partners Group out of school. I was actually running the Investment Banking Club

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