Steven Klinsky on Building Businesses
Masters in Business
00:00
Private Equity - What's the Transition?
I've been in private equity for 40 years now and one thing I try to say is that private equity has evolved from a form of finance into a form of business. In the 80s it was about kind of any company that looked cheap with a lot of debt. So as a firm forceman little said look let's evolve into higher quality growth companies not just buy things because they're low EBITDA but really pick companies that can be great growth leaders. We went from kind of junky cheap companies to I viewed the general instrument being the model for what we do today.
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