The father of leveraged buyouts, Michael Milken, hosted his annual conference for 2017. With the Clinton Global Institute a fond memory billionaires gathered in Beverly Hills to pontificate the best way to get even richer.
The Trump team's former PEUs mingled with their billionaire brethren according to Bloomberg.
This year’s event is a homecoming of sorts for Mnuchin, a former Goldman Sachs Group Inc. partner who later relocated to Los Angeles to invest in banks and films. (PEU - Dune Capital) Commerce Secretary Ross, who made his fortune snatching up and rebuilding distressed businesses, (PEU - Invesco/WL Ross) also slips in easily with the Wall Street who’s-who milling about the Beverly Hills Hilton. Those include PEU Blackstone Group LP billionaires Steve Schwarzman and Tony James, JPMorgan Chase’s Jamie Dimon, Wells Fargo CEO Tim Sloan, hedge-fund billionaire Ken Griffin and billionaire private equity underwriter David Rubenstein of Carlyle Group LP.I believe the conference theme was "Milk'em in the name of progress and equality."
