Leon Black, Steve Schwarzman On Private Equity Rotation And Valuation

Private Equity: Rotation And Valuation by Milken Institute

Moderator

Maria Bartiromo, Anchor and Global Markets Editor, Fox Business Network

Speakers

Leon Black, Chairman and CEO, Apollo Global Management

Jim Coulter, CEO and Founding Partner, TPG; Co-Chair, Leading Education by Advancing Digital Commission

Jonathan Nelson, Founder and CEO, Providence Equity Partners

Stephen Schwarzman, Chairman, CEO and Co-Founder, Blackstone

Robert Smith, Founder, Chairman and CEO, Vista Equity Partners

Private equity had a bumper year in 2014, with more than $500 billion worth of deals globally–the most since 2007. Corporate buyers returned to the market and valuations continued to rise while interest rates didn’t. With an extraordinary series of exits under their belts, PE firms have built up cash in anticipation of a buying spree, but many say the pipeline of attractive deals has narrowed. Our panel of private equity luminaries will share their views about how their strategies are changing amid record valuations and a more complex geopolitical environment. Has credit become a smarter focus than corporate buyouts? Are we in the midst of a tech bubble and has the pain in the oil patch generated opportunities?




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