Percy Launches Blog LBO Fund
I see a lot of value waiting to be extracted through structural or
operational changes at millions of blogs, which is why I believe that
the time is right to launch the world's first blog-focused leveraged
buyout fund. Most of the gains to be had will come through blog
governance and strategy changes. I've already proved my ability to
create a highly profitable blog from scratch with my own money; now's
the time to put my expertise to work using yours (and a ton of
leverage).
Key Fund Terms:
Fund Name: Percy Walker Blog Fund, L.P.
General Partner: Percy Walker Blog Fund GP, LLC
Investment Manager: Percy Walker Investment Management, LLC
Investment Strategy: Take over a blog; turn around a blog; repeat
Fund Size: $5 billion
Performance Allocation: 40%
Management Fee: 3%
Minimum Capital Commitment: $100 million
Preferred Return: $0
Investment Period: 5 years
Term: 10 years, plus up to five one-year extensions
GP Commitment: 0%
Distribution Waterfall: 100% to investors until capital returned on realized investments. Thereafter, 60/40.
Clawback: No
Key Fund Terms:
Fund Name: Percy Walker Blog Fund, L.P.
General Partner: Percy Walker Blog Fund GP, LLC
Investment Manager: Percy Walker Investment Management, LLC
Investment Strategy: Take over a blog; turn around a blog; repeat
Fund Size: $5 billion
Performance Allocation: 40%
Management Fee: 3%
Minimum Capital Commitment: $100 million
Preferred Return: $0
Investment Period: 5 years
Term: 10 years, plus up to five one-year extensions
GP Commitment: 0%
Distribution Waterfall: 100% to investors until capital returned on realized investments. Thereafter, 60/40.
Clawback: No
Can Inside Scoop be your test-run? Please?
I'd be interested in a roll up of all the N&R blogs. Send over the 2006 audited financials and your standard NDA and let's get the ball rolling.
My CA is in the post. My bankers will be in touch (min fee USD1.5m) and I look forward to you joining my board and sacking me.
You flatter me FT, but we all know that there are no value enhancing transformations I could make to your well run operation.
Maybe, but having taken your hostile threat to buy me out seriously, I will be placing various poison pills into my operation to make life difficult.
I see got you linked onto FT Alphaville? - you owe me a beer ...
Yes, I do owe you for the FT Alphaville link (although I get 100% credit for the extra work of putting the relevant info. in table form).
Your blog has been removed from the lunch agenda of my meeting today with Carl Icahn and Marty Lipton. You won't need to swallow those pills anytime soon.