Distress Investing: A Tale of Two Case Studies
With recession forecasted in many economies this year or next, distressed situations…
Debunking the Myth of Market Efficiency
Sixty years after it was first formulated, the core tenet of the…
Agency Capitalism in Private Markets: Who Watches the Agents?
Capitalists once invested and administered their own money. But beginning in the…
Private Markets: Guardians at the Gate?
Earlier this year, the head of the US Department of Justice’s anti-trust…
Tricks of the Private Equity Trade, Part 2: Leverage
The essence of maximizing the internal rate of return (IRR) lies in…
Tricks of the Private Equity Trade, Part 1: Value Drivers
Investors’ faith in the genius of private equity (PE) fund managers has…
New Breed of Private Capital Firms Will Face Performance Headwinds
Under the private equity fundraising model, every few years fund managers secure…
The Private Capital Wealth Equation, Part 2: The Economics Variable
What makes financial capitalism so compelling is the idea that modern fund…
