Biography
Sebastien Canderle is a private capital advisor. He has worked as an investment executive for multiple fund managers. He is the author of several books, including The Debt Trap and The Good, the Bad and the Ugly of Private Equity. Canderle also lectures on alternative investments at business schools. He is a fellow of the Institute of Chartered Accountants in England and Wales and holds an MBA from The Wharton School.
In the underbelly of private markets lies the main culprit behind corporate failures: defective capital structuring.
Governments relish mingling in markets. Yet, if past policies are any guide, taxpayers are being shortchanged.
Start-up valuations have yet to fully reflect the market's ongoing downdraft. The correction could prove as protracted as that of the dot-com crash.
If a recession comes, how can the lessons of the global financial crisis (GFC) inform private equity practitioners?
With their sprawling empires, the largest alternative asset managers have adopted strategies that borrow extensively from the octopus-like corporate conglomerate business model.
Contrary to the orthodoxies of classical and neoliberal economics, free markets do not, and never did, create perfect competition.
Should governments ever decide to start deleveraging, how could they do it?
With recession forecasted in many economies this year or next, distressed situations will be an important source of deals for prospective investors.
Market complexity transcends disciplines and cannot be entirely modeled out.
With the PE model’s high profitability, the industry’s ultimate development stage will inevitably feature leveraged buyouts of the fund managers themselves,