Yaron Naymark
Person
Yaron Naymark is the founder and managing partner of 1 Main Capital, an investment firm he founded in 2018. He has more than a decade of experience investing in public and private equity and is known for the firm’s concentrated, long-biased investment approach.
What Yaron Naymark has said on podcasts
18 statements
Limbach’s platform is worth significantly more than six times EBITDA.
“I do think. the platform is worth significantly more than six times.”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 32:32
Limbach should prioritize acquisitions over share repurchases at current valuations.
“I think acquisitions are a better use of cash than buying back stock even at these levels.”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 32:44
Limbach can reach $10 per share in free cash flow by 2030.
“you can get to $10 a share of free cash flow by 2030 through some organic growth and layering on acquisitions.”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 34:39
Limbach could reach a $200 share price at 20 times free cash flow.
“if that trades for 20 times 10, you're at 200.”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 34:48
Limbach could eventually trade at peer EBITDA multiples.
“I don't think it's crazy for Limbock to get there.”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 35:46
Limbach differs positively from typical failed SPACs.
“I think this one bucks the trend.”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 40:07
Limbach is likely to win data-center business over time.
“I think there's reasons to be optimistic that they'll win data center business over time as well.”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 40:39
SimCorp pull-through could generate hundreds of millions in data-center revenue.
“if they see that kind of pull through here, you're looking at a few hundred million dollars of data center revenue”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 42:25
Limbach’s data-center business could grow from zero to hundreds of millions.
“you really could see this their data center business go from zero to hundreds of millions of dollars potentially”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 42:43
Yaron seeks businesses that are AI-neutral or AI winners.
“I'm trying to buy businesses that are going to either be AI neutral or AI winners”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 44:40
Limbach may receive AI-related growth and valuation benefits.
“I think it's possible that they get that.”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 45:18
IWG will become an AI beneficiary over time.
“I think it will be.”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 46:12
AI will drive consolidation and disappearance of mid-market alternative-asset firms.
“I think you're going to see a consolidation of mid-market firms going away.”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 47:16
Mega alternative managers will gain share from private equity and passive investing.
“I think mega alts are going to be beneficiaries of taking share within private equity and alternatives, but also taking share from passive.”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 47:34
Mega alternative-asset managers have substantial future growth opportunities.
“there's massive growth ahead for the mega all specifically right”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 49:31
KKR will benefit from growing Asian institutional allocations to alternatives.
“KKR will benefit from that as the largest Asian alternative asset manager.”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 50:05
KKR has substantial U.S. growth opportunities in credit, infrastructure, and real estate.
“I think there's a lot of growth ahead in the U.S. in credit, infrastructure, and real estate for KKR specifically”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 50:15
Large established alternative managers will remain durable AI-neutral or AI-winning businesses.
“those are the kind of the names that are going to be here in five years, 10 years, 20 years that I think will be either neutral or AI winners from AI”
Open the episode · $LMB: Limbach missed the data center boom. Is that the opportunity? | 1 Main CapitalListen at 50:46
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
