Latest Interviews
Showing 241–255 of 525 transcripts.
Clear all filters- Milken Institute56 min
A Conversation with Leon Black
Founded by Leon Black three decades ago, Apollo Global Management now directs $350 billion in assets across 18 global offices using a diversified "fund for all seasons" strategy that spans private equity, private credit, insurance, and real assets. The firm distinguishes itself by targeting an average acquisition multiple of 6x EBITDA and prioritizing complexity arbitrage in corporate carve-outs and distressed scenarios, while shifting 80% of capital into long-duration structures to mitigate fundraising pressure. Facing a market where public valuations discourage long-term planning, Apollo is actively deploying capital into public-to-private transactions and emerging sectors like aviation finance with the goal of generating 8–10% returns in credit platforms over the coming years.
- Milken Institute1h 2m
Is Crypto Finally Growing Up?
Staci Warden, Michael Gronager, Navin Gupta, George Kikvadze, Simon Seojoon Kim, Mike Novogratz
Moderated by Stacey Worden, a panel of industry leaders including Mike Novogratz and George Kikvadze confirmed the cryptocurrency sector's evolution from a speculative frontier to a regulated, institutional-grade asset class. The discussion highlighted Bitcoin's role as a macro hedge against fiat debasement while outlining how enterprise solutions like Ripple are driving mass adoption in Asia and how blockchain traceability effectively combats illicit finance. Looking ahead, the group projected that infrastructure maturation over the next five years will trigger a global economic transformation comparable to the post-1999 internet boom, with billions of users entering the ecosystem through decentralized finance and device-to-device interactions.
- Milken Institute23 min
A Conversation with Paul Ryan
Former House Speaker Paul Ryan outlines a legislative agenda for a potential second Trump term focused on extending tax cuts, reforming healthcare, and modernizing infrastructure while navigating a consensus on technological decoupling with China. He attributes the 2017–2018 surge in bipartisan output to the administration's deregulatory approach and projects continued economic growth despite ongoing trade uncertainties. Ryan, now a university professor and policy founder, argues that economic stagnation drives current political polarization and warns against the erosion of meritocracy in favor of identity-based politics.
- Milken Institute59 min
Private Equity: A Continuing Evolution of Capital Access
Glen August, Nazim Azimbaev, Maggie Finari, Ray Thorne, Andrew Weinberg, Mark O'Lean
Leading institutional investors including Glen August of Oak Hill Advisors and Maggie Finari of Ontario Teachers' Pension Plan convened to debate strategies for securing 20% net returns in a private market increasingly constrained by 11–12% historical averages. The panelists outlined divergent approaches ranging from Ray Thorne's asset-intensive company building to Andrew Weinberg's focus on the middle-market family business wealth transfer, all while integrating ESG principles and data science to hedge against technological disruption. Despite optimistic targets, the group emphasized that geopolitical tensions, potential policy shifts, and the inevitable credit cycle downturn necessitate strict covenant protections and selective operational value-add to sustain performance.
- Milken Institute37 min
Opening Plenary - Part 2: Global Overview
Waleed Al Muhairi, Adam Boehler, Raymond Dalio, Dina Powell McCormick, John, Haldun al-Mubarak
The event analyzes escalating global economic headwinds driven by geopolitical tensions and the coronavirus outbreak while detailing how major institutional investors like Mubadala adjust their portfolios toward cash-flow robust assets amidst shifting monetary policies. Simultaneously, the discussion highlights the strategic maneuvering of entities such as the DFC to counter Chinese influence in emerging markets and addresses the urgent need for economic diversification in the Middle East to mitigate youth unemployment risks. Experts emphasize that long-term success now depends on integrating ESG principles and accelerating the transition away from hydrocarbon dependency before fiscal stability is compromised by resource depletion.
- Milken Institute47 min
Wednesday Lunch: Walking the Drug-Pricing Tightrope
Dan Diamond, Dan Leonard, Seema Verma, Matt Iles, Mark McClellan
Moderated by Dan Diamond, the Milken Institute's Future of Health Summit panel "Walking the Drug Pricing Tightrope" featured Seema Verma, Matt Iles, and Mark McClellan debating the tension between innovation and affordability amidst record-breaking drug costs. While the group reached consensus on shifting to value-based payment models to address unsustainable spending in Part B and high-cost curative therapies, they diverged on whether government negotiation or private sector competition offers the most effective solution for lowering prices without stifling future research. With Nancy Pelosi absent, the panelists emphasized that any viable legislative path must satisfy strict bipartisanship requirements to avoid jeopardizing patient access or long-term drug development pipelines.
- Milken Institute25 min
Wednesday Lunch feat. Bill Cassidy
Bill Cassidy, Esther Krofa, Dan Diamond
At the Milken Institute's Future of Health Summit, Senator Bill Cassidy and Faster Cures' Esther Krofa discussed strategies to balance drug affordability with the financial incentives required for medical innovation. Cassidy defended the pharmaceutical industry against claims of excessive profitability while advocating for subscription-based pricing models and rejecting direct government negotiation as a threat to high-risk research. The dialogue highlighted specific legislative successes in closing rebate loopholes and ending gag clauses, concluding with a realistic assessment that a comprehensive drug pricing bill has a 60% probability of enactment by year-end.
- Milken Institute1h 16m
Reducing the Cost and Risk of Dementia
Nora Super, Michael Belleville, Jennie Chin Hansen, Kevin Crain, Jeff Huber, Shari Ling, Sarah Locke, Ian Cramer, Orion, Alan Stevens, Jill Lesser
The Milken Institute's new report on reducing dementia costs sparked a multi-sector dialogue involving CMS officials, patient advocates, and industry leaders to address critical gaps in workforce preparedness and community support. Key initiatives highlighted include CMS's expanded billing codes for cognitive screening, the rapid growth of accredited Geriatric Emergency Departments that reduce hospitalizations, and innovative financial strategies to protect caregivers from retirement disparities. Panelists emphasized that effective intervention requires moving beyond isolated medical treatment to holistic models that integrate home care, fraud detection, and policy changes aimed at improving long-term quality of life.
- Milken Institute35 min
A Conversation with Chef José Andrés
World Central Kitchen, founded by José Andrés, deploys a decentralized network of over 44,000 volunteers to serve millions of meals globally by prioritizing immediate on-site adaptation over rigid bureaucratic planning. In crisis zones ranging from the Bahamas to Haiti, the organization utilizes local food systems and improvised logistics to deliver fresh nutrition while transitioning to economic recovery initiatives that support local micro-businesses. This model, funded primarily by small individual donations, explicitly challenges traditional aid structures by focusing on preventing health crises through nutrition rather than treating illness after the fact.
- Milken Institute23 min
Tuesday Lunch With Alex Azar, Secretary, US Department of Health and Human Services
Secretary Azar outlined a unified healthcare strategy centered on three core promises of affordability, choice, and quality, executing this vision through value-based payment models and targeted initiatives for high-impact areas like the opioid crisis and chronic kidney disease. Specific progress includes a 5% drop in overdose deaths and a shift to risk-sharing primary care models that empower providers to address social determinants of health, alongside efforts to expand home dialysis and stabilize ACA premiums through state reinsurance pools. The administration's "protect what works, fix what is broken" approach seeks to safeguard coverage for 331 million Americans while redesigning payment structures to prioritize preventive care and long-term fiscal sustainability.
- Milken Institute49 min
Dialogue with Dato' Seri Anwar Ibrahim
Dato' Seri Anwar Ibrahim, Dato' Seri Anwar bin Ibrahim, Haslinda Amin, Michael Milken, Curtis Chin, Anwar Ibrahim, Michael Swaito, Joe Brock
Anwar Ibrahim and Mahathir Mohamad lead a transition government in Malaysia that prioritizes dismantling race-based economic policies, combating systemic corruption, and replacing the New Economic Policy with a need-based framework. The administration plans to recover billions from the 1MDB scandal to fund education and social services while managing a predetermined handover of the premiership from Mohamad to Ibrahim in May 2020. This strategic governance aims to redefine the nation's "Asian Dream" by fostering multiracial democracy, addressing severe poverty statistics, and positioning Malaysia as a stable economic force amid regional geopolitical tensions.
- Milken Institute1h 2m
Institutional Investors: Stewarding Long-Term Assets
Steffen Meister, Alain Carrier, Sophia Cheng, Neil Cunningham, Blake Hutcheson
Representatives from the CPP Investment Board, OMERS, PSP, and Cathay Financial Holdings outlined aggressive strategies to expand private market allocations while targeting assets in Asia and emerging markets to capitalize on long-term growth. These institutional investors emphasized active governance and in-house talent acquisition to distinguish high-quality investments amidst valuation compression and geopolitical noise. The panelists concluded that despite fierce competition and macroeconomic headwinds, the shift of capital toward private assets remains essential for delivering sustainable returns as the public market landscape shrinks.
- Milken Institute54 min
Truce or Dare: Navigating US-China Relations
Curtis Chin, Steven Ciobo, Ng Kok Song, Weijian Shan, Lord Mandelson
Moderated by former Australian Trade Minister Steve, a panel including Kok Song of Avanda, PAG CEO Weijin Shan, and former European Trade Commissioner Lord Peter Mendelsohn analyzed the deteriorating US-China economic relationship and the declining probability of a bilateral trade deal before the 2020 election. Participants highlighted how tariffs have widened the US trade deficit while China's shifting focus toward domestic consumption and supply chain stickiness have left American consumers bearing an estimated $80 billion in costs. The experts forecast a prolonged period of geopolitical friction and potential global system bifurcation, predicting that political posturing will likely prevent meaningful resolution despite severe economic inefficiencies.
- Milken Institute58 min
The Known Unknowns of Election 2020
Sarah Sandler, Willow Bay, Jim Messina, Mark Penn, Karl Rove, Neera Tanden
A panel of political experts analyzes global anti-establishment trends and U.S. demographic shifts to outline the critical strategies required for the 2020 election. The discussion highlights that both Donald Trump and Democratic contenders must balance voter persuasion with base mobilization to overcome Trump's low personal likability and the primary's intense focus on electability. Key insights reveal that winning will depend on addressing economic anxieties and cultural divisions while navigating a fractured electorate where trust in institutions has severely declined.
- Milken Institute56 min
A Conversation with Wilbur L. Ross, Jr., Secretary, U.S. Dept. of Commerce | The American Workforce
Wilbur L. Ross, Jr., Gerard Baker, Bernard Harris, Jr., Barbara Humpton, Jonathan Sokoloff, John, Wilbur Ross
The American Workforce Advisory Board, led by Secretary Ross, has secured commitments for 7.5 million apprenticeships to address critical labor gaps caused by a "barbell" demographic and a vocational training deficit. Industry leaders and policymakers are collaborating to shift from a traditional degree-centric model toward merit-based hiring, lifelong retraining, and expanded STEM education to prepare for technological displacement and emerging sectors like space travel. This strategic pivot aims to align the workforce with evolving economic realities by prioritizing digital readiness, soft skills, and streamlined credentialing over obsolete vocational labels.