Practical analysis for investment professionals

Sebastien Canderle

12 Posts

Biography

Sebastien Canderle is a private equity and venture 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.

Author's Posts
Permanent Capital: The Holy Grail of Private Markets

The goal of private equity is to be impervious to the vagaries of the economic cycle and to outside interference.

SPAC Fever: Clear and Present Danger?

How do special-purpose acquisition companies (SPACs) serve public investors?

Capitalism Is Dead, Long Live Debtism

Should a loan that one neither intends nor is required to repay be considered debt or equity?

Myths of Private Equity Performance: Part IV

PE results can neither be benchmarked reliably nor delivered consistently.

Myths of Private Equity Performance: Part III

Private equity is not more resilient than other asset classes. Quite the opposite.

Myths of Private Equity Performance: Part II

What explains the absence of predictability in private equity performance?

Myths of Private Equity Performance: Part I

"In private markets, no one can figure out your true performance."

Private Equity vs. Venture Capital: Opposite Investment Mindsets

PE and VC performance-enhancing techniques are not just different, they are precise opposites.

Modern Private Equity and the End of Creative Destruction

Our economies are under the stewardship of fund managers with one goal in mind: to maximize fee income, even if it means holding on to impaired assets.

In Private Markets, Red Is the New Black

Private capital fund managers do not expect their portfolio businesses to report a profit.