Two and Twenty: How the Masters of Private Equity Always Win

Khajuria, Sachin

ISBN 10: 0593239598 / ISBN 13: 9780593239599

Published by Crown Currency (edition ), 2022

With dust jacket. It's a well-cared-for item that has seen limited use. The item may show minor signs of wear. All the text is legible, with all pages included. It may have slight markings and/or highlighting. Seller Inventory # 0593239598-11-6-29

Synopsis:

The first true insider's account of private equity, revealing what it takes to thrive among the world's hungriest dealmakers

Private equity was once an investment niche. Today, the wealth controlled by its leading firms surpasses the GDP of some nations. Private equity has overtaken investment banking--and well-known names like Goldman Sachs and Morgan Stanley--as the premier destination for ambitious financial talent, as well as the investment dollars of some of the world's largest pension funds, sovereign wealth funds, and endowments. At the industry's pinnacle are the firms' partners, happy to earn "two and twenty"--that is, a flat yearly fee of 2 percent of a fund's capital, on top of 20 percent of the investment spoils. <p/>Private equity has succeeded in near-stealth--until now. In Two and Twenty, Sachin Khajuria, a former partner at Apollo, gives readers an unprecedented view inside this opaque global economic engine, which plays a vital role underpinning our retirement systems. From illuminating the rituals of firms' all-powerful investment committees to exploring key precepts ("think like a principal, not an advisor"), Khajuria brings the traits, culture, and temperament of the industry's leading practitioners to life through a series of vivid and unvarnished deal sketches. <p/>Two and Twenty is an unflinching examination of the mindset that drives the world's most aggressive financial animals to consistently deliver market-beating returns.

About the Author: Sachin Khajuria is a former partner at Apollo, one of the world's largest alternative asset management firms, and is also an investor in funds managed by Blackstone and Carlyle, among other investment firms. He has twenty-five years of investment and finance experience. Sachin holds two degrees in economics from the University of Cambridge. He divides his time between New York, Switzerland, and London.

Bibliographic Details

Title: Two and Twenty: How the Masters of Private ...
Publisher: Crown Currency (edition )
Publication Date: 2022
Binding: Hardcover
Condition: Very Good
Dust Jacket Condition: Dust Jacket Included