A few years ago, SPACs were everywhere. Financial headlines were filled with them. Founders were fielding inbound calls from sponsors promising speed, certainty, and public-market access without the traditional IPO roadshow. Investment banks were launching …
For many founders, there are two headline exit paths that feel transformational. Take the company public. Or sell to a private equity firm. Both can create liquidity. Both can validate years of work. Both can …
When founders think about selling their company, they usually focus on valuation, buyers, and timing. What many don’t fully appreciate is the invisible engine driving all of it: capital markets. Capital markets influence how much …
Private equity is no longer constrained by geography. Capital flows globally. Funds raised in New York invest in Europe. European sponsors acquire U.S.-based founder-led businesses. Middle Eastern sovereign-backed platforms pursue North American targets. Cross-border transactions …
A decade ago, ESG was often treated as a branding exercise. Today, it’s embedded in underwriting models. Environmental, Social, and Governance considerations have moved from the margins of private equity discussions to the center of …
Interest rates don’t just affect mortgages and credit cards. They shape the entire economics of private equity. If you understand leveraged buyouts—LBOs—you understand that debt is central to the model. And when the cost of …
Private equity used to be more generalist. Funds would raise capital, define a broad mandate—“middle market buyouts,” “growth equity,” “platform investments”—and pursue opportunities across multiple industries. That world still exists. But something meaningful has shifted …
If you’ve spent any time around private equity, you’ve heard the phrase “dry powder.” It sounds harmless. It’s not. Dry powder refers to committed capital that private equity firms have raised but not yet deployed. …
Private equity used to feel regional. You knew the firms in your geography. You knew the bankers. You knew the buyers circling your industry. That’s no longer the case. Today, private equity capital moves globally. …
Private equity does not operate in a vacuum. It operates inside the broader economy. Interest rates rise. Inflation accelerates. Credit markets tighten. Equity markets rally or retreat. All of these forces influence how private equity …