Deepak

Deepak Moorjani is a private equity investor with experience in leveraged buyouts, venture capital and distressed securities. He has previously worked at The Lodestar Group and Morgan Stanley.

Why public credit should emulate private equity

Why Public Credit Should Emulate Private Equity

Why Public Credit Should Emulate Private Equity In the status quo, public credit compensates based on synthetic revenue rather than total return. In the pro forma, public credit emulates private equity: public credit restructures compensation into a system of profit sharing, and profit sharing is a function of total return. This compensation restructuring solves microeconomic […]

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why irr trumps roe

Why IRR Trumps ROE

Why IRR trumps ROE: IRR measures Total Return As a performance metric, IRR is fundamentally superior to ROE, since IRR is a measure of total return. While IRR is a cash flow metric, ROE is an accounting metric. Further, IRR is more difficult to manipulate than ROE.   The capital account measures performance The capital

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Former Apple CEO Michael Spindler on Nations versus Networks

Excerpt: Former Apple CEO is the June Luncheon Speaker at the Stillwater Club Michael Spindler was born in Berlin, Germany and holds a B.S. in Electrical Engineering from Technical University in Cologne. In 1980, Michael Spindler joined Apple Inc. as European Manager based in Paris, France. In 1985, he took responsibility for Apple’s International business

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an introduction to distressed value

What is Distressed Value?

An Introduction to Distressed Value [T]he leverage that talent can provide is lessened as a company matures, John Sheldon suggests. While partnerships, by definition, are shaped in the images of the partners ‘and end theoretically when the partners die, a corporation never ends.’ Come hell, high water, or hostile takeover, a corporation is obliged to

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John J. Donovan Loses Again

Excerpts: John J. Donovan Loses Again In Brining v. Donovan, the latest blow to former MIT business professor, John J. Donovan, Judge Davis held that shareholders in Donovan’s failed internet start-up, SendItLater (SIL), could recover more than $700,000 in attorneys’ fees in addition to a December 2019 award of $1.57 million in damages. Relying on

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Former MIT professor from Hamilton found liable for misusing startup’s funds

Excerpts: Former MIT professor from Hamilton found liable for misusing startup’s funds John Donovan Sr., 77, of Hamilton, was using investor funds to pay for country club membership, hair treatments, property tax bills, and other expenses, Judge Brian Davis wrote in his decision, according to a report Wednesday in the The Salem News. Donovan, who

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Proposed Investment in Stellex Capital Partners II LP

Memorandum to: State Investment Council From: Corey Amon, Director Subject: Proposed Investment in Stellex Capital Partners II LP The Division of Investment (the “Division”) is proposing an investment of up to $125 million in Stellex Capital Partners II LP (the “Fund”). This memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C.

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Proposed Investment in Silver Lake Partners VI, L.P.

Memorandum to: State Investment Council From: Corey Amon, Director Subject: Proposed Investment in Silver Lake Partners VI, L.P. The Division of Investment (the “Division”) is proposing an investment of up to $100 million in Silver Lake Partners VI, L.P. (the “Fund”). This memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C.

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