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.
The goal of private equity is to be impervious to the vagaries of the economic cycle and to outside interference.
How do special-purpose acquisition companies (SPACs) serve public investors?
Should a loan that one neither intends nor is required to repay be considered debt or equity?
PE results can neither be benchmarked reliably nor delivered consistently.
Private equity is not more resilient than other asset classes. Quite the opposite.
What explains the absence of predictability in private equity performance?
"In private markets, no one can figure out your true performance."
PE and VC performance-enhancing techniques are not just different, they are precise opposites.
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.
Private capital fund managers do not expect their portfolio businesses to report a profit.