Saturday, January 18, 2014

PEU Players at Davos Include The Bain Ten

The "complete" list is out for this year's World Economic Forum, only this meeting of global tamperers always has an unpublished list of participants.  Those people may come to light in the glare, glitz and partying at Davos.  Many private equity underwriters (PEU's) will be in Davos, including:

Al Gore - Double PEU with Generation Investment Management and Kleiner, Perkins, Caufield, Byers

Anthony Scaramucci - SkyBridge Capital

The Bain Ten - best viewed in the image below:

Bono - Elevation Partners

David Rubenstein - The Carlyle Group

George Soros - Soros Capital Management

Stephen Scwarzman - Blackstone

Larry Summers - Studied PEUs and watched their back in financial reform post the 2008 financial crisis.

Orit Gadiesh -  Chair of Bain and Company

Paul Singer - Elliot Management

Peter Thiel's Palantir Technologies CEO which specializes in spying via massive secret databases.

Mason Capital Management has two attendees.  Consider their WEF description:

Mason Capital is a US$ 8 billion event-driven hedge fund that combines deep fundamental analysis with a hard catalyst and a global perspective. 

Event driven, global perspective.   Is there a better place than Davos to source global tampering events?

What would a meeting of the monied and powerful be without a Clinton?  The question is how many will show up.  My money is on Bill, Hillary and Chelsea appearing.  They love the limelight, they love to boogie...

Update 1-19-14:  I missed a number of PEU's going to Davos.  CVC Capital Partners has two attendees, co-founders and co-chairmen Steve Koltes and Rolly von Rappard.  CVC has $20 billion to put to work, according to FT.  The article identified factors contributing to increased deal costs and further bubble stress:

The insufficient supply of new deals means competition will be intense, said Graham Elton, head of Bain & Company’s private equity practice in Europe.
“The deal supply and demand imbalance has become something of a fixture, inflating prices,” he said. “Corporate buyers with large cash piles and a need for growth are coming back on the scene, creating yet another layer of competition for quality assets.”