Enterprising Investor
Practical analysis for investment professionals

Private Equity


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?

Mergers and Acquisitions in 2024: Headwinds to Tailwinds?

With wide spreads, an improved playbook for assessing deal risk, and the potential for more M&A activity to materialize, 2024 could be a strong year for merger arbitrage performance. 

The 60/40 Portfolio Needs an Alts Infusion

How can investors supplement the traditional 60/40 stock/bond portfolio with allocations to alternatives?

Book Review: Plunder

Brendan Ballou presents a meta-analysis of the worst of private equity investment practices, thus compelling investors to take a deeper look into their illiquid private equity commitments.