Private Equity

  • 03 Aug 2011 at 4:53 PM

Genius Not Smart Enough To Realize Once Wealthy He’d Let His Dick Do The Talking

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Henry Silverman is a billionaire investor and a certified genius. His genius is evident in Cedant Corporation, the company he built with his bare hands that made him a rich many many times over. His genius is less evident in his decision to leave his wife for a yoga instructor he hooked with the line “Google me,” and thinking he wasn’t going to have to pay his ex big time, despite having no pre-nuptial agreement. Read more »

What Should Flava Flav Name His PE Fund?

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Thinking a few steps ahead here but based on a recent interview in which Flava Flav discussed getting into the restructuring business (starting with his chicken chain), it seems obvious that’s where he’s headed. Schwarzman, Kravis, Peltz? Watch your backs. Read more »

Brain Cancer Will Not Keep Teddy Forstmann Away From The Office

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According to Charlie Gasparino it’s business as usual for the private equity chief. Read more »

Lynn Tilton: “My Response To Forbes”

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Yesterday Forbes published an article that discussed Patriarch Partners founder Lynn Tilton (allegedly) telling an employee “You expect me to believe that, like I’m going to believe you’re not going to cum in my mouth,” among other anecdotes. Today Tilton has responded on her company website. Read more »

This Is A Story About Lynn Tilton’s Employees Doing Jello Shots Off Her Rack

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Talk to former employees, and you sometimes get a very a different story. They speak in whispers of a “terrifying” and “evil” boss, given to eruptions of rage, who exploits her femininity to throw off men, who threw herself a 50th birthday party where staffers did jello shots off her stomach and chest. [Forbes]

Protest At 299 Park Ave

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Apparently some people are of the mind that Cerberus Capital Management is racist. Read more »

65 Alternative Investment Managers On Forbes Richest Billionaires List

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Paulson! Simons! Soros! Cohen! Icahn!** Tepper! The gang is all here and while making the list might be a ho-hum event for some, for others, like a guy who employs a dancing and singing pig on his household staff it’s a moment they weren’t sure was going to come, had the list been published after April 15. Read more »

Mark Your Calendars For March 17

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Subject: Dust to Diamonds event, Patriarch Partners March 17 //To: newyork@gsb.columbia.edu, privateequity@gsb.columbia.edu.//The Sanford C. Bernstein Student Leadership and Ethics Board presents: Dust to Diamonds- Lynn Tilton, CEO and Principal of Patriarch Partners, LLC.

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SAC Capital’s Private Equity Guys Are Raising Cash, Leaving The Mothership

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Frank Baker, Peter Berger and Jeffrey Hendren need $400 million for their new buyout shop, which will be independent of SAC though Mr. Cohen will get a piece of the action ’cause that’s how he rolls. Read more »

Downward Dog Position Is Key To Getting Ahead On Wall Street, Says Private Equity Guy Who Included “Some Bull Sh*t” About Yoga On His Resume

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When Jay Solomon was applying for jobs in finance last year, there was one thing on his resume that set him apart from the competition. It wasn’t his prior experience, or education or Excel skills. It wasn’t even his formatting and it definitely wasn’t his scented paper, which everyone uses these days. It was his ability to put his foot behind his head.

When Solomon, 25, was applying for jobs in real estate, there was one achievement on his CV that always got a response. “I put advanced yoga practitioner . . . just some bulls – - t at the bottom of the resume,” says Solomon. “All these guys were like, ‘Oh, I do yoga, come here, let me show you my yoga mat in the office,’ ” he recalls.

While neither Solomon nor the people interviewing him actually sound very Yogi master-like (“some bull shit”? “Let me show you my yoga mat”?), it was enough to not only get his foot in the door but land him a gig at “a private equity real estate fund in Harlem.” And that’s not all. Read more »

TPG Co-Founder Jim Coulter Pulls The Curtain Back Ever So Slightly On Company’s Business Model: Boxes And Secret Sauce

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It can get complicated, so he drew a diagram. Read more »