In today’s episode, Tommy talks with Brent Beshore, Founder and CEO of Permanent Equity, a North American private equity firm investing permanent equity in family-owned companies with $2.5 million to $14 million in net owner earnings.
Having no background in private equity and never having taken a finance class, Brent jokes that he's the Forrest Gump of private equity. He runs a private equity fund, but he’s not really a private equity guy. He invests in businesses with no intention of selling. His goal is to keep employees on board and not put the business into debt. At Permanent Equity, Brent leads the acquisition and diligence teams, while supporting portfolio company operators.
Tommy talks with Brent about the rising movement of permanent equity instead of short-term private equity flips, why people sell their companies, and how Permanent Equity is changing the game of private equity investing.
Key Takeaways