Andre Bourbonnais is the global head of Blackrock’s new long-term capital fund. In this podcast, he discusses the advantages of a permanent capital (i.e. an open ended or no fixed redemption period) approach to managing companies privately. The approach is also used by Warren Buffet. He argues that it allows a longer-term view on acquisitions. It also focuses less on leverage and cost cutting for quick profit gains, tactics that tend to be favoured by traditional private equity funds…
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