The Big Picture

DECEMBER 5, 2023

But there came to be, in certain situations, buyers that were bootstrap, buyers that were, we would call ’em today, they then leveraged buyout financiers. So when I was at Goldman Sachs doing m and a from 83 to 85, there came to be some people looking at the m and abusiness was started to boom, be a fraction of what it is now.

Private Equity Firms 69

Private Equity Firms Private Equity Firms Mergers and Acquisitions Debt 69

The Big Picture

SEPTEMBER 23, 2024

But because these are really good businesses, which got levered, they got leveraged through these leverage buyouts. Early nineties was the start of the modern high yield leverage buyout business done at scale. There’s leverage. But Barry, can I tell you, but go back, go back to one thought though.

Debt 59

Debt Leveraging Banks Leveraged Buyouts 59

The Big Picture

JANUARY 24, 2023

And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveraged buyout of a public company. We had sold the family business, maybe buy another family business one day through a leveraged buyout. KLINSKY: Yeah.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

The Big Picture

SEPTEMBER 26, 2023

Had a group based in Los Angeles that had a long and, and, and experienced team that was investing in distressed debt and really kept separate and apart from what the rest of the hedge fund at PWA was doing. Panossian ] 00:08:19 The liabilities, obviously the hedge funds had redemptions. That had mismatched assets.

Private Equity Firms 52

Private Equity Firms Private Equity Firms Debt Banks 52

Private Equity Insights

JULY 21, 2023

It rose to prominence with leveraged buyouts, the kinds of transactions made famous by “Barbarians at the Gate” and other chronicles of 1980s finance. It has also moved into hedge funds, credit trading, infrastructure investing and more. These firms have since branched out into nearly every corner of finance.

Private Equity Managers 246

Private Equity Managers Mutual Funds Leveraged Buyouts Private Equity Firms 246

Private Equity Wire

APRIL 11, 2025

However, the swift pace of recent market sell-offs has led some hedge funds to rapidly liquidate private debt positions to meet margin calls.

Leveraged Buyouts 45

Leveraged Buyouts Hedge Funds Pension Funds Buyout 45

Private Equity Wire

APRIL 8, 2025

A sharp escalation in US trade tensions has sent shockwaves through global credit markets, bringing leveraged buyout financing and corporate debt issuance to a standstill a move that is already disrupting PE dealmaking and refinancing activity, according to a report by Bloomberg. The avalanche has just begun, he said.

Debt 40

Debt Financing Finance Leveraged Buyouts 40

Pension Pulse

MARCH 3, 2025

We are starting to see LBO [leveraged buyout] activity pick up again. One area we have been successful in the last 18 months is in refinancing debt in investee entities in PE and infra, which allows very immediate value creation. The credit market has not seen a lot of primary supply, and we have not seen a lot of deals.

Buyout 52

Buyout Pension Funds Investing Assets 52

The Big Picture

JANUARY 20, 2023

Prior to founding New Mountain Capital in 1999, he was co-founder of the Leverage Buyout Group of Goldman Sachs, where he did $3+ billion of transactions before joining Forstmann Little as a partner, where he oversaw $10+ billion in capital. Tampa Bay Times ) • Is Michael Platt the Highest Earner in Finance?

Leveraged Buyouts 109

Leveraged Buyouts Hedge Funds Buyout Depreciation 109

The Big Picture

JANUARY 7, 2025

Made the decision to leave just to try something new at that point, went to Harvard for my MBA and then had made the ch his choice at that point to switch out of biotech and interviewed with a whole bunch of of firms and ended up getting into the hedge fund world, doing capital raising for two large hedge funds.

Capital 52

Capital Hedge Funds Buyout Funds 52

The Big Picture

DECEMBER 10, 2024

One, two, there was a theory that these businesses had volatile cash flows and therefore couldn’t be leveraged, which was the, you know, the whole point of leveraged buyouts. If you didn’t understand how the semiconductor worked, if you didn’t understand how the software was built.

Consultants 52

Consultants Consulting Private Equity Firms Private Equity Firms 52

The Big Picture

JANUARY 19, 2023

Prior to founding New Mountain Capital in 1999, he was co-founder of the Leverage Buyout Group of Goldman Sachs, where he did $3+ billion of transactions before joining Forstmann Little as a partner, where he oversaw $10+ billion in capital. David Byrne, Boy George and more pay tribute to one of the most unusual pop bands. (

Leveraged Buyouts 109

Leveraged Buyouts Hedge Funds Buyout Financing 109

The Big Picture

JUNE 20, 2023

How on earth is there still a carried interest tax loophole for private equity, hedge funds, and venture capital? Aren’t the big firms and the LBOs, the leveraged buyouts, very different than the middle market, smaller private equity firms that provide capital and equity to small companies.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Financing Finance 59

The Big Picture

FEBRUARY 7, 2023

So, I graduated from business school in 1987 and went to GE Capital for two years, financing leveraged buyouts. 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 leveraged buyouts. And I actually started out of business school.

Banks 103

Banks Mergers and Acquisitions Capital Companies 103