The first major talent decision in most private equity deals is what to do about the CFO. The decision is not always conscious. It is sometimes triggered by a clear signal from the management team tha...

Of all the value creation levers private equity firms can pull on a portfolio company, pricing power is the most consistently underweighted in underwriting models and the most consistently underestima...

Ask a room of investment professionals who builds the value creation analysis, and you will get a shrug. Somebody does it. It is rarely one person, it is almost never a defined role, and it is usually...

Customer concentration is one of the most universally measured risk metrics in private equity diligence. Every CIM addresses it. Every diligence report includes a chart of revenue by top customer. Eve...

Carve outs have been a celebrated category of private equity deal sourcing for decades. The narrative is appealing. A subsidiary inside a larger corporation has been under-managed, under-invested, and...

Roughly half of mid-market private equity transaction volume in 2026 is sponsor to sponsor. The buyer is a private equity firm. The seller is a private equity firm. The asset has been through one or m...

The Confidential Information Memorandum is the most carefully written document any seller produces during a sale process. Every word is chosen. Every chart is selected. Every metric is framed. Every p...

The dividend recapitalization has returned to the private equity playbook with renewed intensity over the past eighteen months. The reason is not subtle. With exits slowed, DPI weak, and LPs pressing ...

A decade ago, separately managed accounts and fund-of-one structures in private equity were rare exceptions, used mostly for the largest sovereign wealth funds and a small number of strategic LPs that...

The structure that used to define private equity, a closed end fund with a five to seven year hold mandate and a defined exit pressure, is no longer the only structure in the market. Over the past fiv...

For most of the modern private equity era, IRR was the metric that defined fund performance. It was reported on the cover page of every quarterly update. It was the headline statistic in every fundrai...

NAV lending has moved from niche financial product to standard liquidity infrastructure inside private equity in less than five years. Most established sponsors now have at least one NAV facility on t...

The AI capability of available tools has improved by an order of magnitude over the past three years. The AI absorption capacity of mid-market portfolio companies has improved by perhaps thirty percen...

The conversation about AI in private equity has shifted in 2026. The earlier waves of copilot deployment, document summarization, and chatbot pilots have given way to a more ambitious framing. Agentic...

Walk into any mid-market portfolio company on a Monday morning, ask three different functions for the same number, and you will receive three different answers.

Sales will tell you that the company ha...