Happy Friday, founders and friends!
The summer weather is getting hot and so are the private markets 🔥. So far in 2021, private equity firms have struck 13 deals in the US worth $5 billion or more, surpassing last year's total of 11. Additionally, cheap debt has allowed firms to put more leverage into deals, a potential cause for concern.
Top Reads 📚
In this week's newsletter, we are breaking down the Bloom team’s top 5 private markets investing-related reads from recent years. (No specific order)
The Gambler, By William C. Rempel.
One of Jay Vas’s top 3 reads from 2020
The Private Equity Playbook, By Adam Coffey.
A great read for operators as this is written from the perspective of PE-backed management
King of Capital, By David Carey & John E. Morris
One of the best books on finance history
Barbarians at the Gate, By Bryan Burrough and John Helyar
An oldie but a classic and entertaining read
The New Tycoons, By Jason Kelly
A behind the scenes look into some of the globe’s largest PE shops
What are your favorite reads from recent years? Let us know!
What We’re Reading and Listening To…
🎧 How to Build Trust Between Private Equity Firms and Portfolio Companies
🎧 Private Equity Masters: Paul Salem- Providence Equity Partners
Favorites from the Ecosystem
News from the Industry: deals, deals, and more deals 💰
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And should you come across anything interesting this week, send it our way! We love finding new things to read through members of this newsletter.