Practical analysis for investment professionals

Private Equity


The S-Curve: Bending the J-Curve in Private Equity

The J-curve narrative in private equity (PE) investments deserves a quiet obsolescence.

Book Review: Asset Allocation and Private Markets

Even investors who operate exclusively in public markets can benefit from the book’s thoughtful and sometimes unconventional takes.

Modern Variants of Capitalism, Part 2: Financial Capitalism

In financial capitalism, wealth is transaction-based rather than operational.

Book Review: The Caesars Palace Coup

Max Frumes and Sujeet Indap provide a fascinating inside account of the distressed debt markets, including the strategies, the colorful personalities, and the complex relationships.

Market Resiliency, Capital Formation, and Investing for Our Future

The story of the markets over the last 10 years has been one of remarkable change. Yet economies are still struggling.

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.