The Truth Behind Private Equity’s Megaboom

The Compound and Friends

Josh Brown

Investing, Business News, News, Business

4.7 • 2.2K Ratings

🗓️ 5 September 2025

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 207 of The Compound and Friends, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ are joined by Michael Sidgmore, Partner and Co-Founder of Broadhaven Ventures to discuss: the evolution of private markets, evergreen funds, the T. Rowe Price/Goldman deal, and much more! This episode is sponsored by WisdomTree and Apex Fintech Solutions For Portfolio Consultations by WisdomTree visit https://www.wisdomtree.com/portfolioconsultations⁠ Find out more about Wavvest’s planning engine powered by advanced AI and built on Apex’s AscendOS at https://www.wavvest.com/ Sign up for The Compound Newsletter and never miss out: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thecompoundnews.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠instagram.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠twitter.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Where do you live?
0:01.0	Between DC and here.
0:03.0	Okay. So I split my time. Where are you more often? Here. I'm here pretty much. Our office is three blocks up from you. So why are you also in D.Safe? That's where I built the home podcast studio when I started AGM during COVID. You know, you could move the microphones. I could, I know I could move the microphones. It is. It's a cool background, though.
0:23.0	So it's hard to.
0:23.8	So I listen to you. I could. I know I couldn't do the microphones. It is, it's a cool background though, so it's hard to
0:23.7	So I listened to your show and I really liked it and I know it's very long running. You've done a ton of episodes. he caught one, but he caught one.
0:31.4	No, you can do it. You're good.
0:34.3	Appreciate it.
0:35.0	That's good to hear from another podcast.
0:36.8	I thought that this episode was just going to be,
0:40.1	I thought I was going to be in this seat.
0:41.1	Josh was not supposed. it. You're good. You're good. Appreciate it. That's good to hear from another podcast. I thought that
0:37.8	this episode was just going to be, I thought I was going to be in this seat. Josh was not supposed to be here. So I invited you. Well, surprise, surprise. So I invited you and somebody who canceled 24 hours ago. Dead to us, right, Nicole? And I'm not going to name companies. I'm not going to name names.
0:54.6	I'm not going to do it.
0:55.3	Now, I'm not going to do it.
0:56.1	But let's just say it rhymes with...
0:57.9	What's... to go. Dead to us, right, Nicole? And I'm not going to name companies. I'm not going to name names. I'm not going to do it.
0:55.0	No, I'm not going to do it. But let's just say it rhymes with... Stop, stop, stop, stop, stop. Do it. And listen, you are not encumbered by corporate speak. You could say whatever you want. Yeah, but I saw the person's title. I saw the person's title and I don't know how they even got into our show.
1:13.0	What do you mean?
1:13.6	This person was like the vice president of human resources or something. It's like a, it's not CEO. It's not a portfolio manager. It was not. I would never, I would have edited this person out if they came here. It was none of those things. I only want to hear from Michael. But I guess like there's a... I thought the doc looked kosher to me. Like if there's too much smoke?
1:30.9	Come on.
1:31.3	Some people... person out if they came here. It was none of those things. I only want to hear from Michael. But I guess like there's a...
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Josh Brown, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Josh Brown and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.