Overview
The first true insider's account of private equity, revealing how the world's most aggressive and successful financial animals spot opportunities and win deals, and the mindset it takes to thrive in this high-stakes, rapidly evolving and often misunderstood field The first true insider's account of private equity, revealing what it takes to thrive among the world's hungriest dealmakers ""Brilliant . . . eloquently takes readers inside the heroic world of private equity . . . an essential read.""-Forbes ONE OF THE BEST BOOKS OF THE YEAR- Next Big Idea Club Private equity was once an investment niche. Today, the wealth controlled by its leadingfirms surpasses the GDP of some nations. Private equity has overtaken investment banking-and well-known names like Goldman Sachs and Morgan Stanley-as the premier destination for ambitious financial talent, as well as the investment dollars of some of the world's largest pension funds, sovereign wealth funds, and endowments. At the industry's pinnacle are the firms' partners, happy to earn ""two and twenty""-that is, a flat yearly fee of 2 percent of a fund's capital, on top of 20 percent of the investment spoils. Private equity has succeeded in near-stealth-until now. In Two and Twenty, Sachin Khajuria, a former partner at Apollo, gives readers an unprecedented view inside this opaque global economic engine, which plays a vital role underpinning our retirement systems. From illuminating the rituals of firms' all-powerful investment committees to exploring key precepts (""think like a principal, not an advisor""), Khajuria brings the traits, culture, and temperament of the industry's leading practitioners to life through a series of vivid and unvarnished deal sketches. Two and Twenty is an unflinching examination of the mindset that drives the world's most aggressive financial animals to consistently deliver market-beating returns.
Full Product Details
Author: Sachin Khajuria
Publisher: Crown Publishing Group, Division of Random House Inc
Imprint: Currency
Dimensions:
Width: 13.90cm
, Height: 1.60cm
, Length: 21.00cm
Weight: 0.391kg
ISBN: 9780593239599
ISBN 10: 0593239598
Pages: 272
Publication Date: 14 June 2022
Audience:
General/trade
,
General
Format: Hardback
Publisher's Status: Active
Availability: In Print
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Reviews
[Two and Twenty is] an excellent primer on the industry, from how things work at the very top to the nuts and bolts of its vast influence around the globe. -Bloomberg Businessweek
Author Information
Sachin Khajuria is a former partner at Apollo, one of the world's largest alternative asset management firms, and he is also an investor in funds managed by Blackstone, Carlyle, Goldman Sachs, and Silver Lake, among other investment firms. He has over twenty-five years of investment and finance experience. Khajuria holds two honors degrees in economics from the University of Cambridge and is based in New York and Switzerland.
