Practical analysis for investment professionals

Sebastien Canderle

27 Posts

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.

Author's Posts
Distress Investing: A Tale of Two Case Studies

With recession forecasted in many economies this year or next, distressed situations will be an important source of deals for prospective investors.

Debunking the Myth of Market Efficiency

Market complexity transcends disciplines and cannot be entirely modeled out.

Agency Capitalism in Private Markets: Who Watches the Agents?

With the PE model’s high profitability, the industry’s ultimate development stage will inevitably feature leveraged buyouts of the fund managers themselves,

Private Markets: Guardians at the Gate?

Regulatory reform in the private markets should focus on five areas.

Tricks of the Private Equity Trade, Part 2: Leverage

The essence of maximizing the internal rate of return (IRR) lies in the total amount of leverage contracted to finance a transaction.

Tricks of the Private Equity Trade, Part 1: Value Drivers

PE firms have a repertoire of tools at their disposal to achieve their target returns.

New Breed of Private Capital Firms Will Face Performance Headwinds

A challenge awaits PE firms that amass funds to expand beyond their core competency.

The Private Capital Wealth Equation, Part 2: The Economics Variable

The performance of alternative asset managers is encapsulated in the formula: Wealth = Controls + Economics. Here, we outline the economics component of the equation.

The Private Capital Wealth Equation, Part 1: The Controls Variable

Private capital fund managers have developed tools to reduce risk while protecting or even boosting their returns.

Alternative Investments: Predictable Uncertainty in Private Markets

While analytical judgment is considered universal in science, in finance investment decisions are derived from mental heuristics.