Remove Capital Remove Leveraged Buyouts Remove Passive Investors
article thumbnail

MiB: Jennifer Grancio, Engine No. 1

The Big Picture

Grancio believes that even passive investors should vote their shares. This allows passive investors the opportunity to drive positive impact as active owners. Be sure to check out our Masters in Business next week with Steven Klinsky, Founder and CEO, New Mountain Capital. Jennifer Grancio favorite books.

article thumbnail

Private Credit, Meet “Higher for Longer”

Blackstone

From March 2009 when the S&P 500 traded at 13x earnings to August 2020 when it peaked at 23x, a passive investor in the market earned 16% per annum. With slower bank and leveraged loan growth, demand for partners in private credit is high. Private credit funds tend to be levered ~1.0x