Technology: Silver Lake’s Glenn Hutchins is Avoiding High Yield on Bubble Fears - Under The Silver Lake, carte blanche to Michel Hazanavicius, ... The Colo Panic! X Chroma is coming back for a second - PressFrom - US
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Technology Silver Lake’s Glenn Hutchins is Avoiding High Yield on Bubble Fears

16:16  14 november  2019
16:16  14 november  2019 Source:   bloomberg.com

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Silver Lake co-founder Glenn Hutchins talks about excess liquidity and why he sees " bubble like behavior" in high - yield debt, index and exchange-traded fund markets, as well as late stage venture capital investments such as those in WeWork. He speaks on "Bloomberg Surveillance."

Glenn Hutchins is an American businessman and investor. He is a private equity investor focused on the technology sector and co-founder of Silver Lake Partners, a billion private equity firm. After studying at The Lawrenceville School and graduating in 1973

(Bloomberg) -- Silver Lake’s co-founder Glenn Hutchins said he’s avoiding high yield debt because current pricing and deal terms are unattractive.

Glenn Hutchins wearing a suit and tie: Glenn Hutchins, co-founder of Silver Lake Credit Fund LP, listens during the International Economic Forum Of The Americas (IEFA) in Montreal, Quebec, Canada, on on Monday, June 10, 2019. The conference strives to foster exchanges of information, to promote free discussion on major current economic issues and facilitate meetings between world leaders to encourage international discourse by bringing together Heads of State, the private sector, international organisations and civil society.© Bloomberg Glenn Hutchins, co-founder of Silver Lake Credit Fund LP, listens during the International Economic Forum Of The Americas (IEFA) in Montreal, Quebec, Canada, on on Monday, June 10, 2019. The conference strives to foster exchanges of information, to promote free discussion on major current economic issues and facilitate meetings between world leaders to encourage international discourse by bringing together Heads of State, the private sector, international organisations and civil society.

The investor, who also sits on the board of the Federal Reserve Bank of New York, said he didn’t see systemic risk in the sector, however. Hutchins blamed excess liquidity for “bubble like behavior” in certain markets, that include high-yield debt, index and exchange-traded fund markets as well as late stage venture capital investments such as those in WeWork.

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Glenn Hutchins is a co-founder of Silver Lake , the global leader in technology investing. He is a director of both AT&T and Nasdaq, Inc.; a director of the Federal Reserve Bank of New York; vice chairman of both the Brookings Institution and the Economic Club of New York; and a member of the

Glenn Hutchins , co-founder and co-CEO of global tech investor Silver Lake - who has been appointed director of the New York Federal Reserve - discusses the

Glenn Hutchins wearing a suit and tie: Glenn Hutchins, co-founder of Silver Lake Credit Fund LP, listens during the International Economic Forum Of The Americas (IEFA) in Montreal, Quebec, Canada, on on Monday, June 10, 2019. The conference strives to foster exchanges of information, to promote free discussion on major current economic issues and facilitate meetings between world leaders to encourage international discourse by bringing together Heads of State, the private sector, international organisations and civil society.© Bloomberg Glenn Hutchins, co-founder of Silver Lake Credit Fund LP, listens during the International Economic Forum Of The Americas (IEFA) in Montreal, Quebec, Canada, on on Monday, June 10, 2019. The conference strives to foster exchanges of information, to promote free discussion on major current economic issues and facilitate meetings between world leaders to encourage international discourse by bringing together Heads of State, the private sector, international organisations and civil society.

“The big question is whether this creates systemic risk or the potential for market adjustment,” Hutchins said in an interview with Bloomberg Television. “A lot of this is at the corporate level and is not provided by deposit-taking institutions so I am not worried about the systemic element of it, but I am not a buyer right now.”

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Hutchins offers career advice for finance professionals with an interest in private equity. "You give back to the institutions that help you, the city you live in, the country you're a part of, and help the people who are the most needy along the way."

Silver Lake ' s co-founder Glenn Hutchins appeared on CNBC earlier and gave his outlook on the markets. Hutchins said that he though the market was a bit overbought, and that he believed investors were getting a little too exuberant. He stated that investors should be careful about what they are

Silver Lake, which was founded in 1999 and has more than $43 billion in combined assets under management, has been involved in some of the biggest technology deals since its inception. The Menlo Park, California-based firm’s leveraged buyouts include Dell Technologies Inc., Skype Technologies SA and Seagate Technology Plc.

He also said he saw elements of the geo-political tensions between the U.S. and China becoming a “quasi-permanent feature” of economic analysis and business planning for the foreseeable future.

Hutchins is also co-founder of North Island, a private equity firm that took a substantial stake in Virtu Financial Inc., a high-frequency market maker. He has been a board member for the New York Fed since 2011.

--With assistance from Tom Keene.

To contact the reporter on this story: Benjamin Robertson in Hong Kong at brobertson29@bloomberg.net

To contact the editors responsible for this story: Shelley Robinson at ssmith118@bloomberg.net, Chris Bourke

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

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