Revealed: industry insiders’ summer reading

We asked our readers to guess what some of the private equity industry’s most influential insiders are reading this summer. How many did you get right?

In last week’s Friday Letter we presented a list of top industry insiders and a list of the books they were reading this summer and asked our readers to guess which book belonged to which industry expert.

The prize – any book from the PEI bookstore – is winging its way to our worthy winner. 

For the rest of you, here are the answers:

1 – André Frei, Co-CEO, Partners Group
Frei, who joined Partners Group in 2000 and is based in the firm’s Zug, Switzerland office, is reading A Briefer History of Time by Stephen Hawking and Leonard Mlodinow.

“[It’s] a great book about physics in general and cosmology (or stars) in particular,” he told PEI.

Read Popular Science’s review of this book here

2 – Andrew Géczy, incoming CEO, Terra Firma

Gézcy, a veteran of Australia & New Zealand Banking Group (ANZ), Lloyds Banking Group and Citigroup who is joining Terra Firma as its new chief executive officer, is reading The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse by Mohamed El-Erian.

“I like it because he highlights that Central Banks have been doing the heavy lifting since the financial crisis and explains what are the problems that this has created and could create in the future,” he told PEI.

Read The New York Times’s review of this book here

3 – Andrew Hawkins, head of secondaries, ICG

Hawkins, who has spent more than 30 years in the private equity industry and joined ICG from NewGlobe Capital Partners, which he founded, in 2014, is reading Dude and the Zen Master by Bernie Glassman and Jeff Bridges.

Read NPR’s review of this book here

4 – Béla Szigethy, Co-CEO, Riverside

Szigethy, who founded The Riverside Company alongside Stewart Kohl in 1988, is reading The Orphan Master’s Son by Adam Johnson.

“This Pulitzer Prize winner is an incredibly well written and a compelling novel about North Korea,” he told PEI.

Read The Guardian’s review of this book here

5 – Erik Hirsch, CIO, Hamilton Lane

Hirsch, who has spent more than 15 years at global asset manager Hamilton Lane, is reading Seveneves by Neal Stepehnson.

“An epic look at humanity’s struggle to save itself; rebuild; and prosper again. It covers all the bases – philosophy, religion, and politics, with an extra helping of physics (always perfect for summer reading),” he told PEI.

Read The Los Angeles Times’s review of this book here

6 – Jan Radberg, head of private equity, AP Fonden 1

Radberg, who leads the private equity team at the Skr290.2 billion (€30 billion; $34.7 billion) first Swedish national pension fund, is reading Dealing with China by Hank Paulson.

Read the LSE Review of Books’ review of this book here

7 – Jason Gull, head of secondaries, Adams Street

Gull, who is responsible for all aspects of Adams Street’s secondaries business, including chairing its secondary investment committee, is reading Be Iron Fit: Time-Efficient Training Secrets for Ultimate Fitness by Don Fink

Read Triradar’s review of this book here

8 – John Zhao, CEO, Hony Capital

Zhao, who founded China-focused Hony Capital in 2003, is reading Sapiens: A Brief History of Humankind by Yuval Noah Harari.

Read The Wall Street Journal’s review of this book here

9 – Josh Lerner, professor, Harvard Business School

Lerner, one of the highest-profile academic experts on private equity, is reading Cloud Forest: A Chronicle of the South American Wilderness by Peter Matthiessen.

“Getting in the mood before my visit to some of the refuges of the American Bird Conservancy in Ecuador next month!” he told PEI.

Read The New York Times’s review of this book here

10 – Mounir Guen, founder, MVision

Guen, who founded alternative asset advisory firm MVIsion in 2003, is reading Cold: Extreme Adventures at the Lowest Temperatures on Earth by Ranulph Fiennes .

Read Geographical’s review of this book here

11 – Paul Newsome, head of investment management, Unigestion

Newsome, who joined global investment manager Unigestion in 2002, is reading The Inner Game of Tennis: The Ultimate Guide to the Mental Side of Peak Performance by W Timothy Gallwey.

Read Buzzfeed’s review of this book here

12 – Pete Wilson, managing director, HarbourVest

Wilson, who leads secondary investment activity in Europe at HarbourVest, is reading Before the Fall by Noah Hawley.

Read The New York Times’ review of this book here

13 – Réal Desrochers, managing investment director, CalPERS Private Equity

Desrochers, who manages approximately $45 billion in a globally diversified portfolio at pension giant CalPERS, is reading La Folie des Banques Centrales by Patrick Artus.

“Patrick is one of the best economists, in my book as a practitioner,” he told PEI.

Read Les Echos’ review of this book here

14 – Stewart Kohl, Co-CEO, Riverside

Kohl, who founded The Riverside Company alongside Béla Szigethy in 1988, is reading the unpublished manuscript of Peter Georgescu’s latest book.

“[It] addresses what business can and must do to deal with the very real problem of income inequality if we want to preserve our country, economy and democracy,” he told PEI.

This is an as yet unpublished manuscript, so no review is available

15 – Susan Long McAndrews, head of US primaries, Pantheon

Long McAndrews, who is based in San Francisco and heads up US primary investments at global investment manager Pantheon, is reading Grand Ambition: An Extraordinary Yacht, the People Who Built It, and the Millionaire Who Can’t Really Afford It by G Bruce Knecht.

Read The Wall Street Journal’s review of this book here

16 – Sven Lidén, CEO, Adveq

Lidén, who is responsible for coordinating all investor related activities at investment manager Adveq, is reading Levels of Life by Julian Barnes.

“I found [this book] enlightening in how to deal with friends who just lost a partner; while at the same time teaching me a lot about Sarah Bernhardt. As so often with Barnes, a lot of deep thoughts combined with interesting historical facts,”Lidén told PEI.

Read The Telegraph’s review of this book here

17 – Thomas von Koch, managing partner, EQT

Von Koch, who was part of the founding team at Swedish powerhouse EQT, is reading Sapiens: A Brief History of Humankind by Yuval Noah Harari.

“Simply because it is a must read,” he told PEI.

Read The Wall Street Journal’s review of this book here

18 – Weijian Shan, group chairman and CEO, PAG

Shan, a former senior partner at TPG who leads PAG’s private equity strategy, is reading The Arabs: A History by Eugene Rogan.

Read The Telegraph’s review of this book here

19 – Mark Redman, global head of private equity, OMERS

Redman, who oversees OMERS’ C$10 billion (€6.9 billion; $7.7 billion) private equity portfolio, is reading The Happiness Advantage by Shawn Achor.

“It's as much about the power of positive thinking as anything else, and pretty relevant in these uncertain post-Brexit times and maybe a pointer to the remarkable against the odds success of the British Olympic team!” he told PEI.

Read Shawn Achor’s tips on turning happiness into an advantage here