Talk Your Book: Private Equity Deals with Ted Seides

Oct 7, 2024

Ted Seides, founder of Capital Allocators and author of "Private Equity Deals," dives into the fascinating world of private equity investing. He shares insights from his book on deal-making and operations, revealing the appeal and challenges of private equity in today’s market. Ted discusses the rise of large firms in wealth management and the impact of fees and transparency on investor relations. He also explores case studies of private equity transactions, shining a light on evolving strategies and public perceptions in this complex landscape.

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INSIGHT

Private Equity's Post-2008 Appeal

Private equity's appeal grew after the 2008 crisis, partially due to investors' aversion to daily market fluctuations.
It provided a sense of stability by obscuring short-term volatility.

INSIGHT

Illiquidity as a Feature

Illiquidity in private equity can be advantageous, forcing long-term commitment and active problem-solving.
This contrasts with the impulsive trading often seen in public markets.

INSIGHT

Levered Equity in Private Equity

Private equity returns are essentially levered equity returns over the long run.
Institutional investors may find value in this approach for its illiquidity premium and long-term nature.

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On today's show, we are joined by Ted Seides, founder of Capital Allocators to discuss his new book, Private Equity Deals: Lessons in investing, dealmaking, and operations from private equity professionals.

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