André Bourbonnais – Blackrock Long-Term Private Capital (First Meeting, EP.03)

André Bourbonnais – Blackrock Long-Term Private Capital (First Meeting, EP.03)

André Bourbonnais is a Managing Director at Blackrock and Global Head of its newly launched Long-Term Private Capital business, a multi-billion dollar permanent capital private equity fund. André brought thirty years of private market transaction and management experience to the role, most recently as CEO and Chief Investment Officer of PSP Investments, the $110 billion Montreal-based Canadian pension fund.  He previously served as Senior Managing Director and Global Head of Private Investments at the Canada Pension Plan Investment Board (CPPIB), where he was responsible for over $65 billion in private market assets, the largest program of its kind globally.

Our conversation talks about the creation of Blackrock’s innovative private equity fund starting with a clean sheet of paper.  We discuss the traditional private equity playbook, the changes in financial structure, business strategy, and return drivers that can occur with permanent capital, the structure of the fund, deal origination, a new ownership playbook, the re-underwriting process, sell decisions, portfolio construction, and managing a team whose careers will be shorter than the duration of the fund.

Learn More

Read the Transcript

Subscribe to the Capital Allocators Blog or Monthly Mailing List

Write a review on iTunes

Follow Ted on twitter at @tseides

Review past episodes of the Podcast


We currently have enough time before the event to potentially proceed as planned.

We are monitoring the news and will make changes as necessary.

Join us for our inaugural live event

Podcasts with Michael Mauboussin, Morgan Housel, André Perold, James Clear, and Annie Duke

June 18th, 2020 in NYC

Click HERE to Purchase Tickets