Aug 11, 2026 · 45 min · 11 segments
Will Broadfield ever raise a fund, why the independent sponsor model is maturing in Europe, and the importance of personality types in high performing teams. Guy Ellis began his career as a…
At what point do you think, you know, I ask everybody this, at what point did you think, right, it's time to go on my own? Was there a moment, was there a single moment that you kind of thought, yeah, it's now, or was it a gradual, you know, always in the back of your mind, that's something I want to do on my own at some point?
So it's a very big decision to go out and say, do you know what? I'm going to pull the trigger and do this by myself and set up.
And I think for me, that gave me the confidence that you know, we're seven for seven currently on this.
Can we continue to do that? And do I feel like I've learned enough over that seven years or 10 years in learning market PE to continue that track record in a different vehicle? And it turns out when you then go to fundraise, track record is the number one thing people are looking at.
I think a lot of people probably would like to jump ship and do their own thing, but track record holds you back.
You need exits, you need proof, you need attribution, all that kind of good stuff.
And I think I was quite fortunate that I had a lot of that, the pieces of those puzzles in my rock pool career.
Yeah, it's always a tricky dance, right? Some of the stuff we've done recently where people have got either track records not attributed or it's not super clean.
The ENFs in the US are all over this at the moment, but there is some stuff to iron out there.
So I guess having the clean track record, six from seven, like you say, is pretty helpful.
Yeah, and I think for an LP, there's always a concern of, is there an IC member in that firm that's a genius? And they're the ones picking the winners.
At what point do you think, you know, I ask everybody this, at what point did you think, right, it's time to go on my own? Was there a moment, was there a single moment that you kind of thought, yeah, it's now, or was it a gradual, you know, always in the back of your mind, that's something I want to do on my own at some point?
So it's a very big decision to go out and say, do you know what? I'm going to pull the trigger and do this by myself and set up.
And I think for me, that gave me the confidence that you know, we're seven for seven currently on this.
Can we continue to do that? And do I feel like I've learned enough over that seven years or 10 years in learning market PE to continue that track record in a different vehicle? And it turns out when you then go to fundraise, track record is the number one thing people are looking at.
I think a lot of people probably would like to jump ship and do their own thing, but track record holds you back.
You need exits, you need proof, you need attribution, all that kind of good stuff.
And I think I was quite fortunate that I had a lot of that, the pieces of those puzzles in my rock pool career.
Yeah, it's always a tricky dance, right? Some of the stuff we've done recently where people have got either track records not attributed or it's not super clean.
The ENFs in the US are all over this at the moment, but there is some stuff to iron out there.
So I guess having the clean track record, six from seven, like you say, is pretty helpful.
Yeah, and I think for an LP, there's always a concern of, is there an IC member in that firm that's a genius? And they're the ones picking the winners.
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