Shifts in Private Equity and Ongoing Crises

Today the nation remembers President Jimmy Carter, whose state funeral is taking place in Washington. Stuart Eizenstat, who served as White House Domestic Policy Advisor under President Carter, delivers one of the eulogies during the funeral; in an interview beforehand, he reflects on his time working with the late President, as well as Carter’s economic legacy. Private equity firms aren’t like they were in the 80s! Steve Klinsky co-founded Goldman Sachs’s Leveraged Buyout Group in 1981, and he’s led his own firm New Mountain Capital since 1999. He reflects on the way the business started, and the type and scale of work he does now. He and his colleagues expect more dealmaking in 2025. Plus, Meta will allow some eBay listings on Facebook Marketplace, and in southern California, fires persist uncontained. 

Emily Wilkins - 11:45

Stuart Eizenstat - 14:55

Steve Klinsky - 24:53

In this episode:

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin