Steven Klinsky on Building Businesses
Masters in Business
00:00
Private Equity - What's the Difference Between Senior and Junk?
The best way to understand private equity is just to think about if you're buying a house. It's really using the principles everyone used in real estate over in the corporate world. The thing with debt is you can only make your interest rate with equity but you're the first person to lose money if you do a bad deal.
Play episode from 17:53
Transcript
