Episodes

  • 77. Private Equity Secondaries 101 Feat Justin Resnick

    77. Private Equity Secondaries 101 Feat Justin Resnick
    Jun 15 2024

    Today we sit down with Justin Resnick, a Managing Director at Evercore to discuss private equity secondaries --- one of the fastest growing, yet least understood segments of the private capital world. He explains the evolution of secondaries and their function as a tool for managing distress and success in equal measure. We talk about the explosive growth in the industry, the shifts in philosophy amongst GPs and LPs, and the widespread buy-in from many of the biggest names in Private Equity. And finally, we explain the career path for young candidates or experienced practitioners looking to gain a foothold in the space.



    Justin Resnick is a managing director in Evercore’s Private Capital Advisory group. He is responsible for originating and advising financial sponsors on strategic GP-led secondary market solutions. Justin has more than a decade of experience advising clients across a range of strategic deals, representing numerous market-leading sponsors on multi- and single-asset continuation funds, GP stake sales, mergers and acquisitions, and other capital raising transactions. Prior to joining Evercore, Justin was a member of the secondary advisory team at Houlihan Lokey and also worked in the global energy group in Citigroup’s corporate and investment banking division.
    He holds a B.B.A. in finance and accounting from Emory University, where he was also captain of the men’s basketball team.



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    1 hr
  • 76. The Skinny on the Paramount Deal Drama, Inflation Data, and Turning 40!

    76. The Skinny on the Paramount Deal Drama, Inflation Data, and Turning 40!
    Jun 13 2024

    "The Skinny On..." the Paramount deal that is now OFF, inflation data, turning 40, and more!

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    24 mins
  • 75. Bankers vs. Lawyers

    75. Bankers vs. Lawyers
    Jun 8 2024
    Our long awaited Bankers vs. Lawyers podcast episode! Wondering about the differences and similarities between traditionally "good" jobs like doctor, banker, and lawyer? Or maybe how to transition from a career in law to one in high finance? We are going to pull back the curtain and explore the business, lifestyle, and culture of "big law", while debunking the myths and misconceptions you may have from watching popular shows like "Suits", "Law and Order", and "The Good Wife".

    Today's episode specifically covers Corporate Law and its intersection with high finance. Our incredible guests are two of NYC's most prominent attorneys: Jake Kling of Wachtell Lipton, who specializes in Mergers & Acquisitions law, and Roshni Cariello of Davis Polk, who specializes in Capital Markets law.

    We get into the path to becoming an attorney, the process of applying to law school, how important "prestige" of your law school is to landing a job, compensation, hours, culture, and much much more.

    Bios:
    Jake Kling is a partner in Wachtell Lipton’s Corporate Department. Jake’s practice primarily focuses on mergers, acquisitions and dispositions, securities law matters, and advising companies and boards of directors on takeover defense, shareholder activism and general corporate governance matters. He has advised a broad range of public and private clients across multiple industries, including banking, financial services, healthcare and pharmaceutical, life sciences, technology, media and telecom, sports, industrial, retail, private equity and real estate.

    Jake received an A.B. magna cum laude in mathematical economics from Brown University, and a J.D. from Yale Law School, where he served as Projects Editor of the Yale Law Journal. Jake also served as a law clerk to the Honorable Dennis Jacobs, then Chief Judge of the United States Court of Appeals for the Second Circuit.

    In 2024, Jake was named to the Forbes inaugural list of America’s Top 200 Lawyers across all practice areas nationwide, one of seven M&A lawyers included on the list. In 2023, The American Lawyer named Jake the “Young Lawyer of the Year—Corporate”, selecting him as the top corporate lawyer in the country under the age of 40. Jake was also named a “Dealmaker of the Year” by the New York Law Journal, was one of five M&A lawyers chosen as a Law360 MVP, was one of four M&A lawyers selected for Bloomberg Law’s “They’ve Got Next: The 40 Under 40” awards, and was named one of the 500 Leading Dealmakers in America by Lawdragon. BTI Consulting Group selected Jake as a BTI Client Service All-Star for his commitment to exceptional client service.

    Roshni Banker Cariello is a partner at Davis Polk advising corporate and financial institution clients on capital markets transactions, including initial public offerings and other equity offerings, investment-grade, high-yield and convertible debt financings, private placements and liability management. Clients also turn to her for advice on general corporate, governance and securities law matters. Roshni’s experience spans industries including consumer, retail, technology, renewables and industrials.

    In 2023, Law360 named Roshni a “Rising Star” in capital markets, and she is recognized by Chambers USA for her work with SPACs.

    Roshni graduated cum laude with a B.A. in Government from Dartmouth College and a JD from Columbia Law School where she was a Harlan Fiske Stone Scholar and a Notes Editor for Columbia Business Law Review.

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    51 mins
  • 74. The Skinny on ECB Cutting Rates, GameStop Continued and Being “Too Thin”

    74. The Skinny on ECB Cutting Rates, GameStop Continued and Being “Too Thin”
    Jun 6 2024

    The Skinny on ECB Cutting Rates, GameStop Continued and Being "Too Thin"

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    24 mins
  • 73. What It Takes to Be a Credit Investor Feat. Ty Wallach

    73. What It Takes to Be a Credit Investor Feat. Ty Wallach
    Jun 1 2024

    In the second of our three SALT iConnections interview series, we sat down with Ty Wallach, a living legend in the credit investing world.

    Ty was a partner and portfolio manager at Oak Hill and Paulson, two of the most successful and famous names in investing over the past three decades, and is currently the CIO of Credit at Atlas Merchant Capital.

    We spoke with Ty about his role as an investor in both the debt and equity during the Caesars Palace Coup (check out episodes 39, 40 and 41 for a deep dive into one of the most infamous deals of all time!), how Paulson made billions investing during the Global Financial Crisis of 2008, relative value investing within the capital structure of a company, the Orwellian relationship between the markets and economic data in the current environment, and about the optimal paths to pursuing a career as a credit investor, specifically with regard to the merits of the CFA for advancement along that path.

    A must listen for anyone interested in public markets or private credit investing!







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    38 mins
  • 72. The Skinny On T+1 Settlement Change, Citi's Fat Finger Trade, Hedge Fund Fund Raising, and Private Credit

    72. The Skinny On T+1 Settlement Change, Citi's Fat Finger Trade, Hedge Fund Fund Raising, and Private Credit
    May 30 2024

    The Skinny On T+1 Settlement Changes, Citi's Fat Finger Trade, Hedge Fund fundraising woes, and Private Credit!


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    24 mins
  • 71. From Wall Street to the White House and Back Feat. Anthony Scaramucci

    71. From Wall Street to the White House and Back Feat. Anthony Scaramucci
    May 25 2024
    Live from SALT iConnections in NYC, we are joined by Anthony Scaramucci, a financial, political, and pop culture icon here in America. Anthony worked at Goldman Sachs, is the founder of SkyBridge Capital (a global alternatives investment firm), and is the founder of the SALT iConnections cap intro conference...but is possibly most infamous for his 11 day stint as the White House Communications Director during the Trump administration. Particularly timely as many gear up for their summer internships, Anthony shares with us his lessons in resilience, in learning to chase personal growth vs prestige, and in how to graciously take a joke.

    Anthony's latest book, "From Wall Street to the White House and Back," is a must-read and is available here: https://www.amazon.com/gp/aw/d/1637584636/ref=tmm_hrd_swatch_0?ie=UTF8&qid=&sr=

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    35 mins
  • 70. The Skinny On NVDA's Stock Split, SALT iConnections Recap, and Gold Decoupling

    70. The Skinny On NVDA's Stock Split, SALT iConnections Recap, and Gold Decoupling
    May 23 2024

    We're BACK from a whirlwind 48 hours in NYC, fully rested and ready to give you the skinny on the latest in global markets. First, a quick recap of our adventures at one of the world's largest cap intro conferences, where we got to chat with some of the industry's greatest thought leaders and meet new friends throughout the industry. Next up, a quick note on today's Bloomberg article (linked below) discussing the decoupling of Gold and US Treasuries for the first time in 50 years. And finally, we touch on NVDA's spectacular sales growth and their stock split announcement, the mechanics of which Kristen explains in detail.

    https://www.bloomberg.com/news/articles/2024-05-23/bonds-decades-long-lead-over-gold-vanishes-as-debt-worries-grow

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    15 mins