Two Recaps To 10.5x MOIC | Dan Chetrit, Snowdon Partners

Dan Chetrit didn’t plan on becoming an independent sponsor. The shift came after Snowdon recapped its first deal right before COVID. Rolling their carry back into the business gave them control, removed the full-time attention clause, and let them start building a portfolio instead of staying tied to a single company. Since then, they’ve added roughly one new platform a year while building a sourcing engine designed around patience and selectivity. More on Dan Chetrit:   / danchetrit   More on Snowdon Partners: https://www.snowdonpartners.ca/ 00:00 Minds Capital Partners React to Interview with Dan Chetrit 09:37 Interview with Dan Chetrit Begins 11:47 Why Independent Sponsor 14:52 Travel Deal Case Study 17:08 Digital Marketing Pivot 19:23 M&A and First Recap 21:06 COVID Pause and Portfolio 24:38 Sponsor Break and Ad 25:46 Recap Math and Taxes 30:19 MOIC Drivers Framework 35:05 Pricing Power Debate 39:58 Consumer Risk Lessons 41:20 Travel Resilience Thesis 43:09 Unit Economics In Consumer 44:15 Recaps And Ownership 45:39 When To Exit 46:36 Building Deal Funnel 50:03 Hiring BD And Comp 54:43 Origination Drives Discipline 56:25 Holdbacks And Protection 01:00:51 Scaling Portfolio Team 01:07:14 Centralized Resources At Exit 01:09:20 Next Hires Value Creation 01:12:45 Top Decile Ambition 01:14:52 Closing And Subscribe ❤️ Enjoy this interview? SUBSCRIBE for more:‪@mindscapital‬ CONNECT with the Minds Capital team: 👉 Minds Capital, where the hosts are partners: https://mindscapital.co 👉 Sign up for info on future fundraises: https://www.mindscapital.co/investors 👉 Connect with host Will Smith: https://linktr.ee/acquiringminds 👉 Connect with host Niklas James: https://linktr.ee/niklasjames 🎧 Podcast on Spotify: https://open.spotify.com/show/32K3aO9... 🎧 Podcast on Apple: https://podcasts.apple.com/us/podcast... ABOUT the Minds Capital Podcast: MCP is a podcast about the growing world of independent sponsors & deal-by-deal private equity. Hosts Will Smith and Niklas James are partners in Minds Capital, a fund that invests in independent sponsor deals. New episodes every week. Credits: Edited by Anton Rohozov