Practical analysis for investment professionals
private markets
Agency Capitalism in Private Markets: Who Watches the Agents?
With the PE model’s high profitability, the industry’s ultimate development stage will inevitably feature leveraged buyouts of the fund managers themselves,
Private Markets: Guardians at the Gate?
Regulatory reform in the private markets should focus on five areas.
Not All NAVs Are Created Equal
How can investors price NAV valuations and efficiently transfer their eventual risk?
The Private Capital Wealth Equation, Part 1: The Controls Variable
Private capital fund managers have developed tools to reduce risk while protecting or even boosting their returns.
Drowning in the Private Equity Pool
What's most surprising about aggregated private market performance calculations? How deeply flawed they are.
Private Equity: Market Saturation Spawns Runaway Dealmaking
Private equity is settling into a rent-extracting, self-dealing trade.