## Masters in Business with Barry Ritholtz### Episode Title: Exploring Private Capital and Equity with Ena Sinha**Main Topic:** Private Capital and Equity**Interview starts at:** 00:04:23### Interview Snippets:- **Ena Sinha's Career Path (00:04:23):** Earned her undergraduate degree from Stanford in industrial engineering and chemical engineering.- **Reasons for Transition to London (00:09:27):** Her husband accepted a diplomatic position there.- **Sinha's Venture Investments (00:09:50):** She launched Bil Capital in 2011 and invested in seed and angel ventures, such as a fitness boutique, a healthy recipe box business, and SFC Energy, a clean energy fuel cells company.- **Advantages of Combining Angel Investing Experience with Private Equity (00:11:44):** It provided Sinha with nimbleness, hunger, agility, and scrappiness in dealing with entrepreneurs and supporting their growth.- **BiL Capital and Its Focus (00:12:23):** After initially focusing on both private equity and hedge funds, Sinha shifted the business to focus solely on private equity.- **Motivation for Starting BiL Capital (00:14:41):** She believed in the power of "build it and they will come" and was confident in her capital-raising abilities.- **Syna's Angel Investing Criteria (00:15:20):** She invested in people (people, people) and businesses that do good and do well, with a focus on healthy eating, fitness, and clean energy.- **Advantages of Being an Individual Investor (00:16:48):** Full alignment of interest with entrepreneurs and founders since her own money was invested.- **Differences Between Managing Operations in London and the US (00:19:01):** London had fewer startups and entrepreneurs in financial services during the early 2010s, but the market has grown significantly since then.- **Challenges and Opportunities for Private Equity in the US and Europe (00:23:45):** US markets are vibrant and have a deep capital market, while European markets have less depth and more regulatory hurdles.- **Advice for Recent College Graduates Interested in Private Markets or Finance (00:59:20):** Play the long game and prioritize building long-term relationships.