Big buyout anti-portfolios

December 2, 2010, 8:42 PM UTC

My former colleagues over at Buyouts magazine have published profiles of several private equity “legends,” which includes some of their more notable misses. Here are some highlights (or lowlights):

  • David Morgenthaler: Sided with partner who didn’t want to make an investment in YouTube around six years ago.
  • Alan Patricof: Didn’t think the world needed another coffee shop, so he passed on Starbucks.
  • Steve Klinsky: Had “handshake deal” to acquire MTV-Nickelodeon in 1980’s, but ultimately lost out.
  • Steve Schwarzman: He didn’t name a specific deal, but did express regret over not convincing Larry Fink and the Blackrock team to stick around.

You can read the full piece here, although you need to be a subscriber…