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Episode 85

Rick Horowitz RAF Equity

Apr 8, 2026 55 min 11 sec
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Overview

Rick Horowitz misses the off ramp and ends up on a podcast in the bad part of town. Rick is chairman and CEO of RAF Equity, a Philadelphia-based private equity fund formed as a family office in 1979. Rick has three singular stories to tell: (1) the legacy of Robert A. Fox, the firm’s founder and a towering figure in Delaware Valley business circles; (2) RAF’s successful leadership transition from Bob Fox to Rick; and (3) the firm’s ability to maintain a long-term investment horizon even after extending the capital base to outside investors. The storied history of Boston/Philly sports rivalries gets a workout, but Rick and the hosts unite eventually over an embarrassingly detailed assessment of The Boston Globe sports page circa 1985. Talk about click bait!

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