Enterprising Investor
Practical analysis for investment professionals

Private Equity


Big Funds, Small Gains: Rethinking the Endowment Playbook

Endowments heavily invested in alternatives are falling well behind low-cost indexed portfolios.

Private Equity and Private Debt: Two Sides of the Same Coin

Explore how the growing convergence of private equity and private debt is transforming risk dynamics, return strategies, and regulatory concerns across the private capital landscape.

Quality of Earnings: A Critical Lens for Financial Analysts

Quality of Earnings: By approaching financials with this sharper lens, analysts can not only anticipate problems but also identify opportunities that align with long-term value creation.

How Do Shareholder Loans and Intangible Assets Impact PE Financials?

Investment professionals must carefully consider how shareholder loans and intangible assets influence financial ratios, as these factors materially shape the post-buyout financial landscape.

Decoding PE Buyouts: The Full Financial Picture is in the Consolidated Accounts

As the PE landscape evolves, investment professionals must understand how to correctly capture the full picture of a portfolio company’s performance.

What Lies Beneath a Buyout: The Complex Mechanics of Private Equity Deals

Private equity buyouts are complex financial maneuvers. By understanding the structuring that lies beneath these transactions, stakeholders can navigate the intricate world of PE buyouts with confidence and precision.

Agency Risk in the Lower Middle Market: A Guide for PE Professionals

If there was a Wild West in Private Equity (PE), it would be the Lower Middle Market (LMM) — the ecosystem of companies with revenues between $5 million and $50 million. The LMM offers lucrative opportunities but… READ MORE ›

Private Equity: In Essence, Plunder?

To understand what private equity is at its worst is a call to action, personally and professionally.

Times Change: The Era of the Private Equity Denominator Effect

How can investors address the denominator effect in private equities?