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.
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.
Private equity is settling into a rent-extracting, self-dealing trade.
Digital capitalism has transformed our lives into a new commodity: personal data.
In financial capitalism, wealth is transaction-based rather than operational.
Today, capitalism knows four configurations, Sebastien Canderle writes. The two examined here are inherited and adapted from previous eras.
The costs and risks associated with debt have shifted from the borrower to the lender.
The goal of private equity is to be impervious to the vagaries of the economic cycle and to outside interference.