Practical analysis for investment professionals

Private Equity


Perpetual Debt Is Already Here

The costs and risks associated with debt have shifted from the borrower to the lender.

“Alpha-Flation”: A Private Market Syndrome

Why does investing in the "average" private market fund seem to go so poorly?

Book Review: Corporate Governance and Responsible Investment in Private Equity

Simon Witney provides a groundbreaking overview of effective governance and responsible investment in private equity.

Permanent Capital: The Holy Grail of Private Markets

The goal of private equity is to be impervious to the vagaries of the economic cycle and to outside interference.

The Short, the Index, and the Private Markets

There is no valid benchmark for the unlisted private equity sector. That needs to change.

Myths of Private Equity Performance: Part IV

PE results can neither be benchmarked reliably nor delivered consistently.

Top 10 Posts from 2020: COVID-19, The Silent Depression, Damodaran

What Enterprising Investor articles most resonated with readers in 2020?

Myths of Private Equity Performance: Part III

Private equity is not more resilient than other asset classes. Quite the opposite.

Myths of Private Equity Performance: Part II

What explains the absence of predictability in private equity performance?

Myths of Private Equity Performance: Part I

"In private markets, no one can figure out your true performance."