Agency Capitalism in Private Markets: Who Watches the Agents?
Capitalists once invested and administered their own money. But beginning in the late 19th century, independent managers progressively took charge, first of the businesses to which ...
Private Equity
Distress Investing: A Tale of Two Case Studies
With recession forecasted in many economies this year or next, distressed situations will be an important source of deals for prospective investors. But what will matter is ...
Khosla Ventures among VCs experimenting with AI-infused roll-ups of mature companies
Venture capitalists have always focused on investing in companies that leverage technology to either disrupt established industries or create entirely new business categories. But some VCs are ...
Private Capital: Lessons from the Conglomerate Era
Global private capital firms are charting a well-traveled course. With their sprawling empires, the largest alternative asset managers have adopted strategies that borrow extensively ...
Book Review: These Are the Plunderers
These Are the Plunderers: How Private Equity Runs — and Wrecks — America. 2023. Gretchen Morgenson and Joshua Rosner. Simon & Schuster. In 1970, Milton Friedman penned an ...
Book Review: Plunder | CFA Institute Enterprising Investor
Plunder: Private Equity’s Plan to Pillage America. 2023. Brendan Ballou. PublicAffairs. People stop in their tracks when they see the cover of the book I’m reading — Plunder — ...
The 60/40 Portfolio Needs an Alts Infusion
Introduction A global black swan event — COVID-19 — followed by record inflation and the sharpest upward interest rate trajectory in three decades has bedeviled markets over the ...
Private Equity at a Crossroads: A Conversation with Ludovic Phalippou
Ludovic Phalippou, PhD, Professor of Financial Economics at Oxford University, has become one of the most closely followed and debated voices in private equity. His articles on ...
Mergers and Acquisitions in 2024: Headwinds to Tailwinds?
Global mergers and acquisitions plunged to a decade low last year, with $2.9 trillion in deal value announced, down 17% from 2022. Dealmakers mostly stayed on the sidelines as they ...
Times Change: The Era of the Private Equity Denominator Effect
After private equity’s extraordinary performance in 2021, private market valuations decoupled from those of both public equities and bonds in 2022. This led many institutional ...
Ara Partners new $800M fund will decarbonize old industrial assets
Plenty of startups hit a wall after their first few rounds of funding, having grown too big for venture funds but still in need of cash. For startups specializing in industrial-scale hardware, ...
Private Equity: In Essence, Plunder?
Statistically, there is an increased risk of failure with private equity ownership. PE portfolio companies are about 10 times as likely to go bankrupt as non-PE-owned companies. ...
Show next