The Alternative Investor

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www.evergreencap.com

Mastering Alternative Investments with Evergreen Capital's Brad Johnson

In this episode of Roger Becker of Street Smart Success, interviews Brad. They delve into a range of alternative investment topics, emphasizing Brad's core investing principles. Brad briefly shares his background, including his journey from a career in real estate and private equity to establishing Evergreen Capital. He explains how his company focuses on durable investments with significant cash flow elements. The conversation covers various alternative asset classes, including real estate, private credit, and private equity strategies like GP stakes. Johnson provides insights into the allocation strategies for individuals looking for capital preservation and growth. He stresses the importance of avoiding over-leveraging and focusing on downside protection. The episode offers valuable lessons for investors interested in diversifying their portfolios with alternative assets.

00:00 Introduction to the Episode

00:48 Meet Brad Johnson: Real Estate and Alternative Investments

01:45 Brad's Journey: From Real Estate to Mobile Home Parks

03:55 The Challenges and Rewards of Mobile Home Park Investments

06:46 Transition to Evergreen Capital and Investment Philosophy

09:04 The Role of Alternative Investments in Portfolios

15:58 Understanding Private Credit and Debt

20:36 Client Strategies and Asset Allocation

23:37 Investor-Friendly Alternatives

23:58 Investment Minimums and Retail Investors

24:47 Future of Alternative Assets

25:48 Fee Structures and Fund Preferences

28:13 GP Stakes and Private Equity

36:03 Real Estate and Inflation Concerns

40:23 Key Lessons in Investing

41:46 Personal Insights and Conclusion

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Email: [email protected]

Durable Alternative Investments

www.evergreencap.com

Private Equity and the NFL: A New Frontier in Pro Sports Investment

This video discusses the recent development of the NFL allowing private equity firms to buy minority interests in its teams, marking the entry of professional sports into the alternative investment space. Historically limited to billionaires, pro sports investments are now accessible to high net worth investors, with the NFL's sizable media rights and diverse revenue streams making it an attractive asset class. The speaker shares excitement about the potential for direct NFL deals and the expansion of pro sports investments in investor portfolios.

00:00 Introduction to Pro Sports as an Investment

00:32 NFL's New Private Equity Investment Opportunity

01:14 The Appeal of Pro Sports Investments

01:28 The Financial Dynamics of Pro Sports

04:46 The Future of Pro Sports Investments

05:23 Personal Insights and Conclusion

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Email: [email protected]

What works in mobile home park investing today.

In this episode, Brad Johnson, managing partner of Evergreen, delves into the intricacies of mobile home park investments. Drawing from his extensive experience, Brad discusses the evolution of the market over the past decade, highlighting both the challenges and opportunities in today's landscape. He emphasizes sustainable rent increases, strategic operational approaches, and the need for proper capital allocation. Brad provides insights on techniques that work, such as incremental property improvements, creative transactions, and thoughtful management, comparing successful operations to precision military tactics. He also covers the importance of market conviction, unique deal flow strategies, and the complexities of total overhauls and infill strategies. Whether you're an emerging investor or a seasoned operator, Brad's advice offers valuable lessons on navigating this increasingly institutional asset class.

00:00 Introduction to Evergreen and Mobile Home Park Investments

01:18 Challenges in the Mobile Home Park Space

03:30 Common Mistakes in Mobile Home Park Investments

07:16 Effective Strategies for Mobile Home Park Operations

10:28 Advanced Tactics for Driving Alpha

17:41 Creative Deal Structures and Market Insights

26:45 Why Now?

Mobile Home Park Investing

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Email: [email protected]

Mastering Fundraising: Tips and Strategies from a Decade of Experience

In this episode, the speaker shares insights and strategies for successful fundraising, gleaned from over a decade of experience. The session covers four main steps to secure funding, understand what high-net-worth investors seek, maintain legal and compliance standards, and build trust with prospective investors. Key points include the importance of focusing on a niche for easier market entry, dedicating efforts to one marketing channel, sharing your journey with investors, and providing transparent and professional documentation. The speaker also discusses the distinctions between accredited and ultra-wealthy investors, common mistakes to avoid, and how to use friends and family funding smartly. The episode concludes with thoughts on the broader benefits of mastering fundraising, such as financial security and new career opportunities.

00:00 Introduction to Fundraising Insights

00:11 Four Steps to Successful Fundraising

00:16 Understanding Investor Expectations

00:48 Choosing Your Investment Niche

03:00 Focusing Your Fundraising Approach

04:28 Sharing Your Investment Journey

06:16 Building Trust with Investors

08:24 Engaging High Net Worth Individuals

11:20 Common Fundraising Mistakes

13:20 Q&A Session

20:38 Final Thoughts and Advice

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Private Credit is a favored asset class among ultra high net worth investors. Due to its much higher return and reduced risk profile, we believe it should replace a large percentage of bond allocations in investor portfolios. This episode covers a few of the basics to set the foundation for later podcasts that will go deeper into the weeds on Private Credit investing.

Private credit has existed since the early 2000s but is relatively new to many investors. The concept involves making large-scale loans to companies that can't obtain credit from traditional banks. This need emerged post-financial crisis when banks faced stricter regulations. Private credit offers benefits like high monthly returns with lower risk compared to bonds or stocks. The script explains vital terms such as capital structure, preferred equity, mezzanine debt, senior secured debt, call protection, and covenants, illustrating their roles in making private credit a safer investment.

00:00 Introduction to Private Credit

00:18 The Rise of Private Credit Post-Financial Crisis

01:41 Understanding Capital Structure

03:24 Key Terms in Private Credit

06:01 Conclusion and Final Thoughts

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Access GP Stakes Research:

https://evergreencapital.ck.page/a03f9580fe

GP Stakes investing is Brad's favorite alternative investment asset class - learn why in this episode. 

Evergreen Capital

www.evergreencap.com

[email protected]

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Evergreen Capital

www.evergreencap.com

[email protected]

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Today is an incredibly big day! Grayson may be closing on a huge deal tonight. It’s been a long time coming but it’s finally happening! He quit his last job about 3+ years ago and since then he’s been looking to buy a business and has gone through about 5000 different companies, sorted through many different websites, and talked to lots of different owners — but it was all worth it, because he’s finally found one that he loves and is super excited about. He’s completed all of the purchase agreement documents and soon… all will be finalized!

So today’s episode is going to provide as a recap for what Grayson has been up to for the last couple of years. Hopefully it will serve as both inspiration — but also as a cautionary tale for those of you who want to get out there and buy your own deal! Today we’re going to be sharing the good, the bad, and the ugly. So tune in to learn some of the ins and outs of buying your first deal!

Key Takeaways:

[:11] All about today’s episode!

[3:18] So what is Grayson buying?!

[6:33] How Grayson and his partner found this deal.

[7:58] What does the transition look like after purchasing this deal?

[10:34] What Grayson learned from being an investor!

[15:30] The importance of balancing investing and operations.

[19:03] What’s next for the podcast? Topics we’ll be focusing on in future episodes.

[20:58] Opening it up to you! What would you like to hear from us next? Email us!

Mentioned in this Episode:

Performio.co

[email protected]

[email protected] 

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TheAlternativeInvestorShow.com

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et’s say you find yourself in the fortunate position to have a wonderful asset that you’ve operated for a number of years — whether it’s real estate or an operating business — and you’re ready to sell it. And now, you’re faced with the decision of how to actually sell it. Do you hire a banker or a broker? And if so, how do you go about finding a good one? 

Today we’re answering both of these questions and filling you in on all of the juicy details of hiring a broker! 

Key Takeaways:

[:11] About today’s episode.

[:48] Should you hire a banker or a broker? And what is the difference between the two?

[6:02] Why don’t people hire a banker or a broker?

[8:49] How much does a decent banker or broker cost?

[11:51] How to find and identify a good broker!

Mentioned in this Episode:

Broker

Lehman formula

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After 2 ½ years of looking for a software business to buy with my partner, I think we’re finally getting towards the end! And at the end of the due diligence process when you’re going to buy a company… you’ve got to sign a purchase agreement. This purchase agreement is the big contract; it’s the document that lays out all the final terms and conditions. And when it’s signed, the money is wired — and it’s official: you own the company.

So because this is all so timely for us, today we’re going to be talking all about purchase agreements! In fact, we’ll be going through the actual 57-page document I received for this software business to explain each section to give you all an idea of what to expect when it comes to negotiating your first purchase and sale agreement!

Key Takeaways:

[:11] About today’s episode on purchase agreements!

[2:22] We begin looking at the 57-page purchase agreement word doc, starting with an overview of the table of contents and section 1, the glossary.

[5:09] Reviewing section 2: the purchase and sale of parent shares.

[9:40] Reviewing the following three sections that cover representations and warranties — first up, those concerning the company.

[16:30] Next up, we take a look at the sections covering representations and warranties of the sellers.

[17:55] Taking a look at the representations and warranties concerning the buyer.

[18:58] Reviewing the section that covers the additional agreements.

[19:52] Checking out section 7: identification and related matters.

[23:03] Wrapping up the podcast with some final points about purchase and sale agreements!

[24:54] What should you be focusing on when negotiating these documents?

[28:14] Thanks for tuning in!

Mentioned in this Episode:

Purchase and Sale Agreement

For More on The Alternative Investor, Check Out:

TheAlternativeInvestorShow.com

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