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The Wall Street Skinny

Kristen and Jen
Investment Banking
Private Equity
Federal Reserve
Wall Street
Industry
Private Credit
Hedge Funds
Artificial Intelligence
Investment Strategies
Finance
HBO Max
Interest Rates
Paramount
Netflix
Succession
Peerpoint
Networking
Sales and Trading
Mergers and Acquisitions
Private Equity Secondaries

Where Bloomberg meets Page Six.

Join us -- Kristen and Jen -- two former Morgan Stanley and Lehman Brothers investment bankers who take the most complex deals, market moves, and stories in finance and distill them into what actually matters.

From conversations with the biggest names in investing to deep dives people can’t stop sharing (not to mention the occasional HBO Industry red carpet), th... more

PublishesDailyEpisodes239Founded3 years ago
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In Part 3 of our Caesars Palace Coup series, we're back with Sujeet Indap of the Financial Times — co-author of the definitive book on the $30 billion LBO disaster — to connect the dots between 2008's creditor-on-creditor violence a... more

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This is Part II of our Caesars Palace deep dive, and honestly, this is where things get truly unhinged. If Part I was the setup — the $30 billion LBO, the financial crisis, and the private equity firms scrambling to keep the lights ... more

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Private credit is the crisis everyone's watching, but the real story -- and the one no one has been focused on -- is what private equity is doing behind the scenes.

In Part 1 of our 3-part series, Kristen and Jen break down the $30... more

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Buckle up, because this week we're sitting down with Neha Champaneria Markle, who runs the Private Equity Solutions group at Morgan Stanley Investment Management.

Neha walks us through the entire private equity landscape and answer... more

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Recent Guests

Neha Champaneria Markle
Head of the Private Equity Solutions Group at Morgan Stanley Investment Management
Morgan Stanley Investment Management
Episode: Morgan Stanley's Head & CIO of Private Equity Solutions: The Ultimate Deep Dive into PE Investing
Fabian Chrobog
CIO and co-founder of NorthWall Capital
NorthWall Capital
Episode: Private Credit: Even Apollo's Trapped Investors. Here's Exactly What You Need to Know
Kate Baumann
Head of Investor Relations at Empyrean
Empyrean
Episode: Head of Investor Relations at $3 Billion Hedge Fund Tells All | Capital Raising 101
Andreas Laskaratos
Global CEO of AB Commodities Group
AB Commodities Group
Episode: Iran Is Shaking the Oil Markets. What the Top Commodities Traders Are Thinking Right Now
Charlie Schilling
CEO of Macabacus, an investment banking productivity tool.
Macabacus
Episode: The Skinny On: SAAS-pocalypse, misleading jobs data, & Japanese equities breaking records, feat. Macabacus' CEO
Mike Dorrell
CEO and Co-founder of Stonepeak, a private infrastructure investing firm
Stonepeak
Episode: Private Infrastructure Investing 101 feat. Billionaire Founder / CEO: Mike Dorrell of Stonepeak
Lucy Baldwin
Global Head of Research at Citigroup
Citigroup
Episode: Citi's Global Head of Research, Lucy Baldwin | Covering Private Companies, Crypto, and what AI means for Analysts
Mike Medeiros
Head of US Macro at Wellington
Wellington
Episode: Four Drivers That Could Crash or Save the Market in 2026 feat. Head of US Macro at Wellington
Liz Myers
Global Chair of Investment Banking and Capital Markets at JPMorgan
JPMorgan
Episode: JPMorgan's Global Chair of Investment Banking & Capital Markets, Liz Myers: IPOs & Equity Capital Markets 201

Hosts

Kristen Kelly
Co-host of The Wall Street Skinny; appears across episodes with a focus on finance education and interviews with industry guests
Jen Saarbach
Co-host of The Wall Street Skinny; frequent partner in discussing markets, careers, and industry insights

Reviews

4.8 out of 5 stars from 772 ratings
  • Smart and savvy must listen

    As a retired finance executive, I have Bloomberg, WSJ, FT, and Kristen and Jen in my rotation for keeping up on market chatter. They have quality guests and ask the right questions. Their Industry recaps are icing on the cake.

    Apple Podcasts
    5
    Fencer1930
    United States3 months ago
  • Great informative and entertaining

    Put macrovoices down for a week snd give these ladies a try. Great break downs on current events, deals, even finance shows! They will help you develop a view regarding markets, and they introduce you the culture of finance. This is important if your trying to work in the industry in any way. Gotta talk the talk. Anyway one of these girls was in sales and trading snd the other was in IB, So you get a whole view of Wall Street. 10/10. Plus they’re easy on the eyes which doesn’t matter but just a ... more

    Apple Podcasts
    5
    aronatthemovies
    United States5 months ago
  • super knowledgeable

    great insights! thx! super insightful.

    Apple Podcasts
    5
    bostonwuggs
    United States6 months ago
  • An education

    I started listening as I tried to get my head around the financial services industry better with the goal of applying to internships in my penultimate year of University. Kristen and Jen have demystified the sector enormously and provided me with a new found confidence and excitement to start my career. I often mention the podcast in interviews and at networking events like a women in banking breakfast I attended. I reconnected with one of the senior bankers via LinkedIn afterwards and she had s... more

    Apple Podcasts
    5
    Frederica31
    Australia9 months ago
  • Great Podcast

    Super great podcast for those looking to learn more about the finance/business world! Super relevant topics and discussions.

    Apple Podcasts
    5
    IJaq22
    United States9 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

- Audiences appreciate practical career guidance and mentorship from hosts.
- Listeners praise accessibility and clear explanations of complex finance topics.
- Guests and topics are described as knowledgeable and relevant to students and professionals.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

Morgan Stanley's Head & CIO of Private Equity Solutions: The Ultimate Deep Dive into PE Investing
Q: What is co-investing, and how does it differ from being a regular LP?
Co-investing lets LPs invest alongside a GP on a specific deal, often with favorable terms like reduced or zero fees and carry, and governance rights such as board observer seats depending on the size and risk appetite; it requires high alignment and trust with the GP.
Morgan Stanley's Head & CIO of Private Equity Solutions: The Ultimate Deep Dive into PE Investing
Q: Can you explain fund-to-funds and how fees work in that space, especially for individual investors?
Fund-to-funds reduce access barriers by aggregating capital and offering diversification; fees have compressed over time from older models, with many investments now including potential zero-fee co-investments and lower management costs, while still aiming for net-outperforming returns after all fees and carry.
Morgan Stanley's Head & CIO of Private Equity Solutions: The Ultimate Deep Dive into PE Investing
Q: How do you decide which private equity funds to back, and where does vintage play into that decision?
We consider vintage year to align funds for apples-to-apples comparison, then examine net IRR, net TVPI, and DPI to gauge realized performance relative to drawn capital, recognizing that quartiles can be misleading early in a fund's life; the focus is on sustainable, long-term alignment and robust diligence.
Iran Is Shaking the Oil Markets. What the Top Commodities Traders Are Thinking Right Now
Q: Can you explain the WTI vs Brent dynamic and what role the different grades and geography play in pricing today?
WTI is the U.S.-focused benchmark reflecting local production and demand, while Brent represents a broader international basket; differences in grades, refinery configurations, and shipping costs create persistent spreads that traders monitor to gauge demand signals and regional supply conditions.
Iran Is Shaking the Oil Markets. What the Top Commodities Traders Are Thinking Right Now
Q: First, to get us kicked off here, Andreas, could you walk us through what's actually going on with Iran and why it matters for global oil markets?
The conflict affects shipping routes, refinery throughput, and the perception of risk in the market; the Strait of Hormuz is a critical chokepoint that, if constrained, reduces supply and moves prices, while the broader geopolitical tension shifts expectations about future supply and the balance of global demand.

Audience Metrics

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Frequently Asked Questions About The Wall Street Skinny

What is The Wall Street Skinny about and what kind of topics does it cover?

This show blends finance, markets, and pop culture through candid conversations with guests ranging from industry veterans to prominent financiers. Episodes frequently dissect real-world deals, private markets, and macro themes, while also touching on entertainment-driven critiques and how financial concepts play out in daily life. A standout aspect is the approachable, often light-hearted hosting pair that makes complex topics accessible, paired with guest experts who illuminate career paths, investment strategies, and evolving market structures. The format often includes practical takeaways for students and early-career professionals, with a steady thread of education, mentorship, and staying up-to-date on market dynamics.

Noteworthy is ... more

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Which podcasts are similar to The Wall Street Skinny?

These podcasts share a similar audience with The Wall Street Skinny:

1. Capital Allocators – Inside the Institutional Investment Industry
2. The Markets
3. The Credit Edge by Bloomberg Intelligence
4. Making Sense
5. Exchanges

How many episodes of The Wall Street Skinny are there?

The Wall Street Skinny launched 3 years ago and published 239 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on The Wall Street Skinny?

Recent guests on The Wall Street Skinny include:

1. Neha Champaneria Markle
2. Fabian Chrobog
3. Kate Baumann
4. Andreas Laskaratos
5. Charlie Schilling
6. Mike Dorrell
7. Lucy Baldwin
8. Mike Medeiros

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