Posted on April 28, 2009 at 10:02 AM
Filed under: Corporate Dealmaker | Dealscape | Private Capital Symposium | The Deal's Events
Tagged: Ken Moelis , Private Capital Symposium , private equity

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Kenneth D. Moelis, Chief Executive Officer, Moelis & Co., was the first keynote interview at the The Deal's Fifth Annual Private Capital Symposium.

"I think the cycle in the late 1980s and the current one were very similar," Moelis said. "There was a tremendous amount of liquidity in the 1980s, and deal multiples did get driven into excess. But they were restricted to one firm, so when the crisis hit it was restricted to one firm, Drexel."

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