Unlock the secrets of private equity's evolution. Discover how the industry shifted from financial wizardry to operational artistry, driving sustainable value in today's dynamic market.
Financial engineering or operational value-add?
As private equity's growth has evolved over several decades, the mechanics of deal structure, capital structure, and motivations have undergone changes across several eras. No longer just barbarians at the gate, many private equity firms have turned their attention from balance sheet gymnastics to delivering actual operating expertise for portfolio companies.
In this episode of Capital Decanted, we answer important questions—what is driving this evolution? How are deal structures different today versus in the late 1980s? And what is the playbook for a segment of the industry trying to deliver true value?
To help us answer these questions, we are joined by Jacob Kotzubei, Co-President of Platinum Equity.
Chartered Alternative Investment Analyst Association
CAIA Association is a global network of forward-thinking investment professionals, redefining the future of capital allocation in a world where traditional and alternative investments are converging at an unprecedented pace. United by a commitment to improving investment outcomes, we lead with authority, educate to inspire, and connect people who turn insight into action. CAIA Association creates dynamic and captivating learning experiences designed to engage investment professionals at every level. Its programs – the CAIA Charter and the CAIA.nxt™ platform – offer critical levels of access to a comprehensive curriculum that equips the investment community with the skills and knowledge needed to build modern portfolios. CAIA Association is a global member-driven community of more than 14,000 professionals, united by a shared commitment to improving investment outcomes and building a more aligned, principled capital market system.
Co-President of Platinum Equity
Jacob Kotzubei is Co-President of Platinum Equity and a member of its Investment Committee. Among his responsibilities, Mr. Kotzubei leads the investment team for the Los Angeles headquarters and has oversight responsibility for the investment team in Asia. In addition, Mr. Kotzubei plays an active role in the management of the firm’s day-to-day activities as well as its strategic direction. Mr. Kotzubei has more than 25 years of M&A experience, including substantial complex carve-out and public-to-private experience in numerous industries and countries. Prior to joining Platinum Equity in 2002, Mr. Kotzubei was a Vice President of the High Tech group at Goldman Sachs and was head of the East Coast Semiconductor group. Previously, he was an M&A attorney with Sullivan & Cromwell in New York. Mr. Kotzubei received his B.A. from Wesleyan University and his J.D. from Columbia University School of Law, where he was elected as a member of the Columbia Law Review. He is a retired member of the New York State Bar.
