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…
📚 SaaS Metrics That Matter
🎧 How to Build Trust Between Private Equity Firms and Portfolio Companies
📚 Calculating Working Capital
🎧 Private Equity Masters: Paul Salem- Providence Equity Partners
Favorites from the Ecosystem
Investors👇…..
Founders👇……
Operators👇…..
News from the Industry: deals, deals, and more deals 💰
Cloudera to go private as KKR & CD&R grab it for $5.3B
Blackstone acquires tech publisher IDG for $1.3B
End Note
As always, if you're enjoying The Weekly Bloom, we'd love it if you shared it with a friend or two. We try to make it one of the best emails you get each week, and we hope you're enjoying it.
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.