Evercore is Investing in Talent: Schlosstein

The video discusses the current state and future of mergers and acquisitions (M&A), highlighting a decline in activity due to economic uncertainty and rising interest rates. It explores the role of private credit in financing leveraged buyouts and the impact of interest rates on leverage. The discussion includes insights from Israel Schlosstein of Evercore, emphasizing the cyclical nature of the M&A market and the importance of investing in talent to prepare for future growth.

What was the percentage drop in dollar volume for M&A in the first half of the year?

• 50%

• 40%

• 20%

• 30%

How do rising interest rates affect private equity firms in M&A transactions?

• They make transactions more profitable.

• They have no effect on leverage.

• They decrease the amount of leverage available.

• They increase the amount of leverage available.

What is the role of private credit in leveraged buyouts?

• It only finances small leveraged buyouts.

• It is used only when banks refuse to finance.

• It has no role in leveraged buyouts.

• It finances almost all leveraged buyouts.

What percentage of Goldman Sachs' revenue comes from advisory services?

• 5%

• 10%

• 15%

• 20%

Which of the following is NOT a factor needed for strong M&A activity?

• Supportive equity markets

• High interest rates

• Liquid debt markets

• Economic confidence

What is the nature of the M&A business according to the final section?

• It is a cyclical business with secular growth.

• It is a stable business with consistent growth.

• It is an unpredictable business with random growth.

• It is a declining business with no growth.

Why is Evercore investing in talent during the downturn?

• To reduce costs

• To diversify their business

• To prepare for future market upturns

• To compete with smaller firms