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.
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.
What does the current era of professional tennis have to teach us about the state of venture capital (VC) and private equity (PE)?
The next crash may unearth accounting scandals to rival those of Enron and WorldCom, says Sebastien Canderle.