Jillian Murrish (@JillianMurrish) / X

Jillian Murrish

1,911 posts

Jillian Murrish

@JillianMurrish

Co-founder & CEO @PierAssetMgmt, we invest in credit. Previously Board @ Endeavor Bank. Past performance no guarantee of future results, see link.

Los Angeles

pieram.com/disclaimers

Joined March 2010

Pinned
Jillian Murrish
@JillianMurrish
Jan 1, 2021
Replying to @JillianMurrish
We manage a portfolio of cash flowing assets that are uncorrelated to stock market. We invest in special opportunities in small biz, consumer, & real estate debt: 1. Buy portfolios of loans at a discount from stressed sellers 2. Asset based lending to non-bank lenders
Jillian Murrish
@JillianMurrish
Jan 24, 2021
If you can earnestly feel deep gratitude for the hot water you get to enjoy during your morning shower, it's pretty hard to be unhappy. My father said this & it stuck with me. Many "successful" people are miserable. Happiness starts w/ gratitude. When in doubt, start there.
Jillian Murrish
@JillianMurrish
Dec 15, 2020
We like to buy performing assets from distressed sellers - as opposed to buying distressed assets. You can get great prices for great assets, instead of great prices for messy assets.
Jillian Murrish
@JillianMurrish
Feb 9, 2021
Replying to @sairaxashraf
The best advice someone gave me when I was 19 and building my first “real business”: Share your idea open and freely - don’t be afraid someone will steal it. You’ll get so much relevant help this way! Being stealth most often is over rated.
Jillian Murrish
@JillianMurrish
Sep 11, 2021
Any other female founded funds out there? Please say hello! Let’s be friends!! (Or if you know one, pls send her my way)
Jillian Murrish
@JillianMurrish
Jan 23, 2021
“Problem #1: Winners and losers have the same goals.” Re-reading Atomic Habits by @JamesClear this weekend. So how do you end up in the winner category?
Jillian Murrish
@JillianMurrish
Sep 24, 2022
Closing out the event with a powerful message from @iononrecourse … It’s not the money you made or the AUM you managed that you’ll look back on with the most pride - it’s the times that you helped people along the way that matter most. @REconveneLA
Jillian Murrish
@JillianMurrish
Dec 12, 2021
Replying to @moseskagan
Sally has an A in math, finishes her tests first, and talks about how much she loves the subject. Sally has a C in english and dreads doing class homework. Parent sends Sally to an English tutor twice per week. IMHO, WRONG! Send Sally to robotics club instead.
Jillian Murrish
@JillianMurrish
Jun 2, 2021
Doing smaller deals is a HASSLE. But you know what is more of a hassle? Having to compete with a bunch of people for the same deal ... and if you do win, getting half the yield for the same risk.
Jillian Murrish
@JillianMurrish
Jan 5, 2022
I think it’s important to let kids get bored - encourages imaginative play, etc. This is my reminder to give MYSELF time to be “bored” this year. My adult equivalent will probably be solo hikes - no podcast, no friend to talk with. Remove the noise.
Jillian Murrish
@JillianMurrish
Dec 9, 2020
Closed a smaller portfolio purchase last week. What: Secured used auto loans Originators: 3 dealers Servicing: Released Target IRR: 22.8% Downside IRR: 16.1% Size: $586k of principal Duration: 16 mo Purchase Price: 88.1% 1/
Jillian Murrish
@JillianMurrish
Oct 18, 2020
Deal size is a critical part of our strategy. Sub $10M = very limited, if any competition. We drive pricing and timing. This is where we like to be. Similar credit quality portfolio at $25-50M will often see a dozen or more bids — and thus trades at a higher price.
Jillian Murrish
@JillianMurrish
Jan 5, 2021
Replying to @moseskagan
My neighbor down the street has a pet pig. It plays with my golden retriever, so sweet. The best part? His name is ... "Piggy Smalls".
Jillian Murrish
@JillianMurrish
Feb 24, 2021
Being able to distill something complex into simple-to-understand plain English is critical to sales success ... and in our corner of the world, it’s a critical skill for raising capital from LPs. Sophisticated investors don’t invest in things they don’t understand fully.