The Wall Street Skinny

Kristen and Jen
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Jan 20, 2024 • 1h 3min

44. Search Funds 101: The Best Kept Secret in Private Equity

Nate Wasson, co-founder of growth equity firm Hal-Bar Partners, explains the little-known but highly profitable niche of Private Equity 'search funds'. They discuss entrepreneurship through acquisition, the role of family offices, values-based investing, and Nate's personal journey. Also covered are the power of networking, the impact of tree canopies on urban centers, and decarbonization strategies.
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Jan 13, 2024 • 48min

43. Hedge Fund Investing: Point / Counterpoint

In this podcast, the hosts engage in a friendly debate with comedian Anish Mitra about hedge fund returns in 2023. They discuss the performance of hedge funds compared to the S&P 500 and the changing landscape of fund performance. They explore the influence of celebrity portfolio managers and the benefits of a longer investment horizon.
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Jan 6, 2024 • 35min

42. Networking 101

Learn about the importance of networking and building authentic relationships. Discover tips on starting conversations, conveying negative information, and making networking requests. Hear about the benefits of using email templates and the significance of genuine connections. Get insights into LinkedIn etiquette and maximizing its impact. Plus, enjoy holiday chaos stories and a special offer for financial prep courses.
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Dec 31, 2023 • 59min

41. Caesars Part III: Interview with Sujeet Indap, Author of Caesars Palace Coup

In this episode, Sujeet Indap, Financial Times writer and author of 'Caesars Palace Coup', discusses securitization, distressed debt investing, and the future of private credit. He shares insights from interviewing industry titans and delves into the role of women in private investing. The podcast also covers the high-profile leverage buyout of Caesars Palace, the complexities of its capital structure, and the challenges of writing a book on a controversial event.
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Dec 23, 2023 • 58min

40. Distressed Debt and Restructuring 101: Caesars Palace Coup (Part II)

In this podcast, Sujeet Indap and Max Frumes, authors of the book Caesars Palace Coup, discuss the distress-for-control maneuvers and questionable asset transfers that Apollo spearheaded after the $30bn Leveraged Buyout of Caesars in 2008. They explore the showdown between Private Equity titans and creditors, highlighting the manipulation of legal and capital structures. Other topics include holiday plans, dealing with water damage, LBO structure, capital structure and risk in investments, Apollo's influence, Opco's financial struggles, and strategies in taking on Apollo in a distressed debt and restructuring situation.
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Dec 16, 2023 • 37min

39. LBO Deep Dive: Caesars Palace Coup, Part I

In this episode, the hosts do a deep dive into a $30bn LBO of Caesars Palace by Apollo and TPG. They discuss the deal structure, financing terms, and motivations of private equity titans. The podcast explores leverage buyouts, restructuring, and the roles of parent company, operating company, and subsidiary. It also provides an overview of LBO structure and the background of the deal.
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Dec 9, 2023 • 36min

38. Predicting the "Future" (Fed Funds Futures 101)

Send us a textInterest rates drive everything in the markets, and expectations of rate cuts or hikes by the Fed can move the markets and make or break fortunes.  But how do we know what 'the market' expects?  In today's skinny mini we break down the simple truth behind where numbers like 'the market expects there is a 72% chance of a rate cut' comes from and why the current situation is wildly contradictary.Learn more about 9fin HERE Shop our Self Paced Courses: Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERE Wealthfront.com/wss. This is a paid endorsement for Wealthfront. May not reflect others’ experiences. Similar outcomes not guaranteed. Wealthfront Brokerage is not a bank. Rate subject to change. Promo terms apply. If eligible for the boosted rate of 4.15% offered in connection with this promo, the boosted rate is also subject to change if base rate decreases during the 3 month promo period.The Cash Account, which is not a deposit account, is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member FINRA/SIPC. Wealthfront Brokerage is not a bank. The Annual Percentage Yield ("APY") on cash deposits as of 11/7/25, is representative, requires no minimum, and may change at any time. The APY reflects the weighted average of deposit balances at participating Program Banks, which are not allocated equally. Wealthfront Brokerage sweeps cash balances to Program Banks, where they earn the variable APY. Sources HERE.
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Dec 2, 2023 • 1h 14min

37. Private Equity and Hedge Fund Recruiting Feat. GoBuyside (Part 2)

Send us a textPart II of our conversation with Cameron Boland and Kate Kourlis from executive recruiting firm GoBuyside.  Our focus shifts to off-cycle recruiting for private equity firms and hedge funds.  We discuss strategies for navigating your search for your next career, identifying opportunities that set you up for success, do's and don'ts for negotiating the offer, and how recruiters are incentivized to help you succeed.  We also tackle the CRITICAL listener question of: what do I need to know if I'm an international applicant and not a US citizen?  Cameron Boland is the President of GoBuyside, and Kate Kourlis is the Executive Director of Business Development.  GoBuyside is a community of professionals in the financial services industry. GoBuyside connects employers with top-tier talent, streamlining the hiring process and ensuring access to great candidates for exceptional roles.To explore GoBuyside's platform, please visit GoBuyside.comLearn more about 9fin HERE Shop our Self Paced Courses: Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERE Wealthfront.com/wss. This is a paid endorsement for Wealthfront. May not reflect others’ experiences. Similar outcomes not guaranteed. Wealthfront Brokerage is not a bank. Rate subject to change. Promo terms apply. If eligible for the boosted rate of 4.15% offered in connection with this promo, the boosted rate is also subject to change if base rate decreases during the 3 month promo period.The Cash Account, which is not a deposit account, is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member FINRA/SIPC. Wealthfront Brokerage is not a bank. The Annual Percentage Yield ("APY") on cash deposits as of 11/7/25, is representative, requires no minimum, and may change at any time. The APY reflects the weighted average of deposit balances at participating Program Banks, which are not allocated equally. Wealthfront Brokerage sweeps cash balances to Program Banks, where they earn the variable APY. Sources HERE.
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Nov 25, 2023 • 53min

36. Wall Street Holiday Party Horror Stories

Send us a textHappy holidays from The Wall Street Skinny!  We are giving your brain a bit of a break this week.  We share some fun stories of holiday parties gone terribly awry, rules for navigating vacation and time off, and tips on how NOT to get fired right before bonuses are paid.  We discuss some shifts over the past decade and some prevailing attitudes toward work/life balance on Wall Street as societal expectations change.  Learn more about 9fin HERE Shop our Self Paced Courses: Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERE Wealthfront.com/wss. This is a paid endorsement for Wealthfront. May not reflect others’ experiences. Similar outcomes not guaranteed. Wealthfront Brokerage is not a bank. Rate subject to change. Promo terms apply. If eligible for the boosted rate of 4.15% offered in connection with this promo, the boosted rate is also subject to change if base rate decreases during the 3 month promo period.The Cash Account, which is not a deposit account, is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member FINRA/SIPC. Wealthfront Brokerage is not a bank. The Annual Percentage Yield ("APY") on cash deposits as of 11/7/25, is representative, requires no minimum, and may change at any time. The APY reflects the weighted average of deposit balances at participating Program Banks, which are not allocated equally. Wealthfront Brokerage sweeps cash balances to Program Banks, where they earn the variable APY. Sources HERE.
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Nov 18, 2023 • 1h 17min

35. SPACs 101: AppleTV’s “WeCrashed” Explained

Send us a textIn today's episode we use WeWork as a case study to break down SPACs, for a deeper dive into the IPO process, the bankruptcy and we explore how the world's most sophisticated venture capital and private equity investors came up with a $47bn valuation for a company when the math didn't justify it at all….In order to keep it interesting we discuss the  beginning of the WeWork story through the lens of "We Crashed",  the Apple TV miniseries about WeWork.starring Jared Leto and Anne Hathaway.The Apple TV Series: WeCrashedThe Failed IPO:1. Scott Galloway Blogs (No Mercy No Malice)https://www.profgalloway.com/wewtf/https://www.profgalloway.com/wewtf-part-deux/2. Aswath Damodaran DCF (Musings on the Market)https://aswathdamodaran.blogspot.com/2019/09/runaway-story-or-meltdown-in-motion.html3. WSJ Article Sept 2019https://www.wsj.com/articles/this-is-not-the-way-everybody-behaves-how-adam-neumanns-over-the-top-style-built-wework-11568823827SPAC1. BowX Acquisition Corp S-1https://www.sec.gov/Archives/edgar/data/1813756/000121390020020580/f424b40720_bowxacq.htm2. WeWork SPAC Marketing Documentshttps://www.wework.com/ideas/wp-content/uploads/sites/4/2021/03/WeWork-Management-Presentation-MLearn more about 9fin HERE Shop our Self Paced Courses: Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERE Wealthfront.com/wss. This is a paid endorsement for Wealthfront. May not reflect others’ experiences. Similar outcomes not guaranteed. Wealthfront Brokerage is not a bank. Rate subject to change. Promo terms apply. If eligible for the boosted rate of 4.15% offered in connection with this promo, the boosted rate is also subject to change if base rate decreases during the 3 month promo period.The Cash Account, which is not a deposit account, is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member FINRA/SIPC. Wealthfront Brokerage is not a bank. The Annual Percentage Yield ("APY") on cash deposits as of 11/7/25, is representative, requires no minimum, and may change at any time. The APY reflects the weighted average of deposit balances at participating Program Banks, which are not allocated equally. Wealthfront Brokerage sweeps cash balances to Program Banks, where they earn the variable APY. Sources HERE.

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