Over the past 20 years, the private equity industry went from a cottage industry to a powerful juggernaut that touches every corner of the global economy. Totalling $5 trillion of investments, private equity constitutes an important investment allocation for public and corporate pension funds, university endowments, non-profit foundations, hospitals, insurance companies, families, and sovereign wealth funds worldwide.
There's no more important sector of institutional portfolios or the global economy to understand than private equity. Private equity owned businesses are everywhere around us and touch every aspect of our daily lives.
In Private Equity Deals, Ted Seides gives you an insight to the conversations that typically happen behind the closed doors of institutional investors and private equity managers. Through a series of case studies across different types of private equity transactions, Private Equity Deals shares the dynamics of deal making, companies, and ownership that make private equity a force in the world. Shares the dynamics of deal making, companies, and ownership that make private equity a force in the world
Ted Seides, CFA has spent 25 years as an institutional investor, allocating money to managers. He started in 1992 at the Yale University Investments Office, seven years after David Swensen arrived at Yale. Ted spent five years learning under David's tutelage and departed to attend Harvard Business School shortly before David wrote the bible in the industry, Pioneering Portfolio Management.
In 2017, Ted launched the Capital Allocators podcast, a series of interviews with leading Chief Investment Officers. The show reached four million downloads in August 2020. Barron's, Business Insider, and Value Walk each named it among the top investing podcasts. He also advises asset managers and allocators across business strategy, audio content, and investing.
Ted writes opinion pieces for Institutional Investor, wrote a blog for the CFA Institute's Enterprising Investor and guest publications for the late Peter L. Bernstein's Economics and Portfolio Strategy. I thought I knew a great deal about private equity, but I learned a lot from Ted Seides' masterful look at this often complicated and little-understood world. I highly recommend Private Equity Deals. Private Equity Deals demystifies how value can be created during private equity ownership and offers a unique look across the wide range of approaches taken by leading allocators and investors. This is a story that only Ted is able to tell. His curiosity, shrewd questions, and deep knowledge of private equity unlock insights that are equally valuable both to veteran executives and those being introduced to the industry for the first time. I thought I knew a great deal about private equity, but I learned a lot from Ted Seides' masterful look at this often complicated and little-understood world. I highly recommend Private Equity Deals. Ted has produced a comprehensive and compelling anthology that reveals the diversity and depth of value creation in the private equity industry. This behind-the-scenes look at dealmaking and portfolio impact demonstrates how the industry harnesses talent and expertise to create exceptional returns Private Equity Deals is different from most other books on the topic. Ted tackles how and why the industry evolved. He delivers interesting, representative case studies of how the industry creates extraordinary returns for pension funds and endowments and shapes successful businesses to innovate and compete. It's refreshing to read a book that actually captures the goals and results of private equity investing.
