Private equity has had it easy for forty years. Cheap money, expanding multiples, and a rising S&P produced returns almost regardless of what firms did with the assets they bought. That era just ended — and Lee McCabe, Partner at Claymore Partners, argues most firms haven't adjusted to what replaces it. Lee spent years inside eBay, Expedia, Facebook, and Alibaba before joining a New York PE firm as an operating partner, and he's now built the operational platform he believes PE actually needs.

Chapters:

00:00 The Evolution of Private Equity

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