Today’s Michael Milken

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quire2

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Authored by: Certified Private Equity Professional - 2nd Year AnalystCertified Private Equity Pro

mikemilkenjunk

1mo

Probably Rick Reider, the bond king

PrivateTechquity 🚀GME🚀

1mo

Pretty sure that title deservedly belongs to Bill Gross

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kellycriterion

1mo

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Michael Milken was ultimately a guy who identified a balance sheet innovation that would allow corporate titans to grow faster, so a Michael Milken of today should be doing the same thing.

I would argue that the main balance sheet innovation among large financial sponsors today is the acquisition of captive insurance companies. Apollo kicked it off with Athene. KKR has Global Atlantic. There was the Blue Owl deal this week. Insurance is smart because you can grow your private equity and private credit platforms with permanent capital and you don’t have to deal with LPs.

So, to that end, I think Marc Rowan is the Michael Milken today. Oh, and I forgot to mention, he cut his teeth at Drexel Burnham Lambert. Wanted to leave that for the end.

Authored by: Certified Investment Banking Professional - 3rd+ Year AnalystCertified Investment Banking Pro

Restless

1mo

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