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Suken Vakil , Partner, joined JMI in 2012. Earlier, Suken worked as an investment banker in the financial sponsors group at Morgan Stanley, where he advised software, information technology and other companies on leveragedbuyouts, mergers and acquisitions and public offerings including the sale of DoubleClick to Google.
“It gets back to the ability to grow the operating performance of the companies and making sure that returns” come from that rather than from “financial leverage,” he tells Bloomberg. We’re seeing a slow-grinding implosion of this titanic asset bubble that started in 2012,” says Dan Zwirn, CEO at Arena Investors.
And I think a lot of investors and, and lenders and really lost their way and agreed to terms and conditions that in under today’s market environment would not be acceptable levels of leverage that would not work. And, and as a result, there is a, a condition where there’s risks and opportunities in the current market.
Committed US$150 million to Hellman & Friedman Capital Partners XI, which focuses on leveragedbuyouts and growth capital opportunities in North America and Europe, primarily in the technology & software, healthcare, financials and consumer & retail sectors. billion in 2012. Read his full comment here.
But growing rapidly, that market, when we first did our first secondaries transaction as a, as a firm in 2012 was only 20 billion a drop in the bucket. Leveragebuyouts requires leverage. And when rates were so low, the leverage went, it was cheap and, and and easily accessible.
So, I graduated from business school in 1987 and went to GE Capital for two years, financing leveragedbuyouts. I mean, you know, I probably shouldn’t have been doing it because I had been a journalist covering public schools and knew nothing about leveragedbuyouts. And I actually started out of business school.
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