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.
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,
Regulatory reform in the private markets should focus on five areas.
The essence of maximizing the internal rate of return (IRR) lies in the total amount of leverage contracted to finance a transaction.
PE firms have a repertoire of tools at their disposal to achieve their target returns.
A challenge awaits PE firms that amass funds to expand beyond their core competency.
The performance of alternative asset managers is encapsulated in the formula: Wealth = Controls + Economics. Here, we outline the economics component of the equation.
Private capital fund managers have developed tools to reduce risk while protecting or even boosting their returns.
While analytical judgment is considered universal in science, in finance investment decisions are derived from mental heuristics.