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But we saved everything 🙂.
Dave Collum provides a breakdown of investment returns, indicating that dividends averaged about 4 to 5 percent over the analyzed period. He also mentions that fees typically amounted to around 1 percent, while taxes remain challenging to accurately assess.
Collum has previously raised concerns about structural risks in private markets. In one note, he compared the private credit and private equity sector to a capsizing event like Guam. He has also cautioned that the relationship between private equity and private credit may not be sustainable.