Two and Twenty
How the Masters of Private Equity Always Win
Narrator: Will Damron
Imprint: Books on Tape
Genre: Business & Economics - Corporate Finance - Private Equity
Release Date: June 14, 2022
7 Hours and 45 Minutes
List Price: $66.50
ISBN: 9780593588147
Categories:
Business & Economics - Corporate Finance - Private Equity, Business & Economics - Decision-Making & Problem Solving, Business & Economics - Motivational
The first true insider’s account of private equity, revealing what it takes to thrive among the world’s hungriest dealmakers
“Brilliant . . . eloquently takes readers inside the heroic world of private equity . . . [an] essential read.”—Forbes
ONE OF THE MOST ANTICIPATED BOOKS OF THE SUMMER—Bloomberg
Private equity was once an investment niche. Today, the wealth controlled by its leading firms surpasses the GDP of some nations. Private equity has overtaken investment banking—and well-known names like Goldman Sachs and Morgan Stanley—as the premier destination for ambitious financial talent, as well as the investment dollars of some of the world’s largest pension funds, sovereign wealth funds, and endowments. At the industry’s pinnacle are the firms’ partners, happy to earn “two and twenty”—that is, a flat yearly fee of 2 percent of a fund’s capital, on top of 20 percent of the investment spoils.
Private equity has succeeded in near-stealth—until now. In Two and Twenty, Sachin Khajuria, a former partner at Apollo, gives readers an unprecedented view inside this opaque global economic engine, which plays a vital role underpinning our retirement systems. From illuminating the rituals of firms’ all-powerful investment committees to exploring key precepts (“think like a principal, not an advisor”), Khajuria brings the traits, culture, and temperament of the industry’s leading practitioners to life through a series of vivid and unvarnished deal sketches.
Two and Twenty is an unflinching examination of the mindset that drives the world’s most aggressive financial animals to consistently deliver market-beating returns.
“Brilliant . . . eloquently takes readers inside the heroic world of private equity . . . [an] essential read.”—Forbes
ONE OF THE MOST ANTICIPATED BOOKS OF THE SUMMER—Bloomberg
Private equity was once an investment niche. Today, the wealth controlled by its leading firms surpasses the GDP of some nations. Private equity has overtaken investment banking—and well-known names like Goldman Sachs and Morgan Stanley—as the premier destination for ambitious financial talent, as well as the investment dollars of some of the world’s largest pension funds, sovereign wealth funds, and endowments. At the industry’s pinnacle are the firms’ partners, happy to earn “two and twenty”—that is, a flat yearly fee of 2 percent of a fund’s capital, on top of 20 percent of the investment spoils.
Private equity has succeeded in near-stealth—until now. In Two and Twenty, Sachin Khajuria, a former partner at Apollo, gives readers an unprecedented view inside this opaque global economic engine, which plays a vital role underpinning our retirement systems. From illuminating the rituals of firms’ all-powerful investment committees to exploring key precepts (“think like a principal, not an advisor”), Khajuria brings the traits, culture, and temperament of the industry’s leading practitioners to life through a series of vivid and unvarnished deal sketches.
Two and Twenty is an unflinching examination of the mindset that drives the world’s most aggressive financial animals to consistently deliver market-beating returns.
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