7 Things to Look for When Investing in a Private Equity Fund: #4 Fund Details
The video focuses on the fourth of seven criteria for evaluating private‑equity funds: fund details. It stresses that fee structures, profit‑distribution rules, and co‑investment rights are critical checkpoints before committing capital. Investors should dissect management and performance fees, demand transparent fee calculations, and verify whether any operating expenses sit outside the disclosed fees. Understanding waterfall provisions—how profits flow to limited partners—and clawback mechanisms, especially in American‑style waterfalls, protects against unexpected over‑payments. The presenter also urges scrutiny of co‑investment offerings, ensuring all investors receive equal access and noting any side‑letter agreements that could grant selective advantages. He references companion videos for deeper dives on fees, waterfalls, and clawbacks. Thorough due‑diligence on these fund details can materially affect net IRR, align incentives, and reduce legal or financial surprises, making them essential for sophisticated investors.
What Does Someone Who's Been in Private Equity Since 1981 Actually Think About Where It's Headed?
The video features a private‑equity veteran who began investing in 1981, reflecting on how the industry has transformed from a niche, low‑percentage allocation to a dominant force in capital markets. He outlines the foundational lessons learned in the early days—particularly...
The Hidden Tax Strategy Behind the Unilever–McCormick Merger
The video dissects the Unilever food‑business spin‑off that is being merged with McCormick through a reverse Morris trust (RMT), a hybrid spin‑off‑and‑merger structure that preserves tax‑free status. Professor Emily Feldman explains how the RMT forces the spun‑off unit to own...
Why Most Private Equity Firms Fail to Stand Out
The video examines why most private‑equity firms fail to stand out, especially as competition for GP‑stakes among upper‑market players intensifies. It questions the need for another middle‑market firm and stresses that differentiation is no longer optional. Key insights include the inadequacy...
HEC Academy Summer School | Mergers & Acquisitions
The HEC Academy Summer School offers an intensive M&A program in Paris, aimed at participants with solid accounting, corporate finance, and economics backgrounds, preparing them for investment banking, corporate development, and advisory roles. The curriculum blends strategy, finance, and legal negotiation,...
Takeover Bid Rejected — But Is Intertek Still in Play?
Intertek (ITRK) announced a strategic review after a low‑ball takeover approach from Swedish private‑equity firm EQT was rejected, sparking speculation about a possible split of its testing‑assurance and energy‑infrastructure businesses. The board gave EQT until mid‑May to submit a firm...
How Kilwins Is Adapting to Life Under New Owners
Kilwins, the 80‑year‑old dessert chain, is navigating its post‑sale era under private‑equity firm Leavine Lyman. CEO Brian Britain explains that the new owners have injected capital to modernize the business, replacing legacy systems with a new point‑of‑sale, ERP, CRM, and...
Netomnia Acquisition to Fuel Further Fibre M&A Deals – Nexfibre
NexFiber, the wholesale fiber arm backed by Infravia, Liberty Global and Telefónica, announced a £2 billion acquisition of Netomnia, a fast‑growing alt‑net with over three million homes passed. The deal is designed to lift NexFiber’s footprint from 2.6 million premises to nearly...
400 Acquisitions and a Failed Process: What Happens When You Don't Integrate | Matt James
The podcast with Oakridge Insurance EVP Matt James centers on why integration must be baked into roll‑up strategies from day one, not treated as a post‑close cleanup. James argues that modern private‑equity buyers no longer buy for multiple arbitrage alone;...
How Private Equity Firms Can Create Value From Day One
The video outlines how a private‑equity firm embeds a dedicated “hub” team into every transaction, aiming to generate value from day one rather than after the deal closes. During the due‑diligence phase the hub’s value‑creation specialists work side‑by‑side with the deal...
David Rubenstein, Co-Founder and Chairman of the Carlyle Group: Pursue Something Meaningful
David Rubenstein, co‑founder of Carlyle, sat down with Stanford to discuss how his blue‑collar Baltimore roots, elite education, and a brief stint in politics shaped his view of purpose‑driven business. He emphasizes that a degree from institutions like Stanford or...
Inside Alts: Arctos Partners’ Ian Charles on Investing in Sports
In this Inside Alts interview, Arctos Partners co‑founder Ian Charles explains why private‑equity firms are increasingly targeting premium sports franchises as a distinct asset class. He frames the move as part of a broader industry maturation, where managers must deliver...
Yetter Manufacturing Acquires Martin Till: Partnership Announcement and Future Plans
Yeter Manufacturing, a family‑owned Illinois firm founded 1930, announced it will acquire Martin Till, a specialist planter‑attachment maker founded 1991, with the deal expected to close by the end of March. The acquisition will keep both brands separate; Martin Till will...
Buy-Side M&A Strategy Explained: How Acquisitions Drive Growth
The video outlines a buyside M&A strategy as a catalyst for companies whose organic growth has stalled. It stresses that acquisitions are not exclusive to large corporations; founder‑led and lower‑middle‑market firms increasingly use them to scale quickly, enter new markets,...
How Data Predicts Investment Success Before You Commit
The video explains how a data‑analytics platform helps private‑equity and corporate‑investment teams forecast the likelihood of a deal’s success before committing capital. By mining a proprietary database of past transactions, the service matches a prospective investment against historical analogs that share...
Why Private Equity Secondaries Are Exploding Right Now
The video explains why the private‑equity secondary market is booming, focusing on institutional investors' shifting strategies. As private‑equity funds mature, large investors such as pension plans, university endowments and sovereign wealth funds have built sophisticated portfolio‑management capabilities. They increasingly sell portions...
Here's How a Consultant Builds Framework for an M&A Case Between Apple & Warner Bros #shorts
The video walks through a consultant’s three‑stage framework for evaluating a potential acquisition of Warner Bros. Discovery by Apple, covering pre‑auction assessment, auction dynamics, and post‑auction execution risk. In the pre‑auction phase the analyst splits the analysis into non‑financial and financial components. Non‑financial...
2026 M&A Boom? What Dealmakers Must Know
Brent Baxter, CEO of the Association for Corporate Growth, predicts 2026 will be a "swell" year for middle‑market M&A as deal flow accelerates. Private‑equity firms are extending hold periods from four to six years, creating a backlog of exits and...
How Investors Find Deal Flow in Secondary Markets
The video explains how investors locate deal flow in secondary markets, emphasizing relationship‑driven sourcing. Prospective investors are routinely asked, “How do you find the deals?” and the answer centers on business‑development work that connects with other general partners (GPs) to...
EBITDA Multiple Explained (How to Value Your Business)
The video breaks down the EBITDA multiple, the metric buyers use to price a company based on its annual operating profit. It explains why EBITDA—earnings before interest, taxes, depreciation, and amortization—offers a cleaner, apples‑to‑apples view of cash generation than net...
Where Your Fund Fits in an LP Portfolio (And Why Specialization Isn’t for Everyone)
The discussion centers on how limited partners (LPs) should evaluate where a fund sits within their broader investment portfolio, weighing the appeal of sector‑specialized managers against the need for diversification. It highlights a market bias toward niche strategies while warning...
Founders, Avoiding FOMO & Navigating Public and Private Market Infrastructure
The episode centers on infrastructure secondary markets and how disciplined investors sidestep FOMO‑driven deals while balancing allocations between public and private assets. The host, a Los Angeles‑based multi‑family office leader, explains their broad mandate—from equity and fixed income to tech, venture,...
How Private Equity Firms Manage Complexity Across Diverse Investments
The video explains how private‑equity firms tackle the inherent complexity of holding a portfolio that spans multiple industries. By structuring their organizations around dedicated deal teams, operating partners, and a central hub, they create a repeatable framework that guides each...
MD&M 2026 Keynote: $6.1B Advice From Ray Cohen and Tom West!
The MD&M West 2026 keynote, titled “Disrupting the Status Quo: Are We Innovating or Just Iterating?”, brought together veteran deal‑maker Ray Cohen and former J&J executive Tom West to debate what true innovation looks like in medical technology. Cohen warned that...
What Two PE Exits Taught James About Winning as a CFO
The Raw Selection Private Equity podcast featured James Carver, a CFO who has navigated two private‑equity‑backed exits. He recounted his unconventional path—from trading desk analyst to investment banker, then to FP&A leader and finally chief financial officer—highlighting how each role...
Wall Street Has a Growing Appetite for Fast Food in Japan
Wall Street’s private‑equity and investment‑bank arms are pouring capital into Japan’s fast‑food market, betting that American‑style quick‑service concepts can capture a growing appetite for convenience. In 2024, Carl Capital paid roughly $847 million for KFC Japan, while Goldman Sachs’ merchant‑banking division acquired Burger...
5 Mistakes To Avoid While Selling Your Business Online | M&A Advice
Entrepreneurs often think business valuation is a simple formula, but the video explains that five advanced mistakes can erode millions before the deal closes. The presenter walks through each error, showing how sophisticated buyers exploit them to drive down price. First,...
UFA Completes $48.2 Million Acquisition of AgraCity Assets
UFA announced the completion of a $48.2 million acquisition of Agra City’s crop‑protection assets, receiving court approval on March 31 and officially taking control on April 1. The transaction adds a finished Bellplane fertilizer blending plant, a 20,000‑ton storage capacity, and Agra City’s...
Is the Panic in Private Markets a Contagion or a Kingmaker?
The video debates whether panic in private markets is a contagious phenomenon or a catalyst that elevates elite managers. It frames the discussion around retail investors’ tendency to sell at market lows and asks whether this behavior can ever be...
So You’ve Been Acquired: Surviving and Thriving During a Business Merger - New
The video addresses how rank‑and‑file employees should navigate the turbulence of a corporate merger, emphasizing that the immediate priority is to stick to existing responsibilities until new directives arrive. The speaker urges staff to execute their current “marching orders”—whether in...
EQT Capital Are Backing Fundamentals to Find Tomorrow's Real Winners
EQT Capital’s Bert Yansen explained the firm’s end‑to‑end private‑capital platform and its thematic focus on four long‑term sectors – healthcare, technology, services and industrial‑tech – as it seeks the next generation of market winners. The firm stresses that investment theses now...
Theravance's Strategic Review with Andy Summers $TBPH
Theravance Biopharma (TBPH) entered a strategic review after its sole pipeline candidate failed a pivotal Phase‑III trial, prompting a sharp stock drop from the low $20s to $13‑$14. The company, a single‑product pharma spun out a decade ago, relies on...
How Paramount Bested Netflix in the Warner Bros. Battle
The video dissects why Paramount Pictures ultimately won the contested acquisition of Warner Bros., while Netflix abruptly abandoned its competing bid. Analysts cite relentless regulatory scrutiny, a high‑profile lobbying campaign, and mounting shareholder pressure on Warner’s board as primary forces. Netflix’s...
Senator Adam Schiff Joins The Town to Discuss the Paramount-Warner Bros. Merger
Senator Adam Schiff appeared on The Town to warn that the proposed Paramount‑Warner Bros. merger may have been fast‑tracked by the Trump administration, allegedly because of the networks’ coverage of CNN. He contrasted the deal with a stalled Netflix merger,...
Why Nothing Bundt Cakes Is Worth $2B
The podcast highlighted three major stories shaping the restaurant sector this week: Dutch Bros’ meteoric rise under new CEO Christine Veron, the landmark $2 billion acquisition of the franchise chain Nothing But Cakes by KKR, and Noodles & Company’s ongoing turnaround driven by...
How Top Private Equity Firms Scale European Software Companies
The video explains how leading private‑equity firms partner with European software companies to accelerate growth and create enterprise value. Their strategy begins with a continent‑wide search for best‑in‑class niche software businesses, followed by an initial listening session to understand the...
The Problem with Private Markets | Rational Reminder 402
The Rational Reminder episode 402 examines the growing problems in private‑market investing, focusing on private equity, credit and real‑estate funds as they become increasingly accessible to retail investors. The hosts argue that the industry’s long‑standing claim of lower volatility and higher...
Lions Bay Capital Targets 4.5m Ounces of Gold in SA
Lions Bay Capital announced a definitive offer to acquire the Vantage gold assets in South Africa, a portfolio that includes underground mines, processing facilities and an estimated 4.5 million ounces of gold. The transaction is being executed through a newly formed...
Ex-Goldman CEO Blankfein Warns of ‘Fire’ Risk in Private Markets
Former Goldman Sachs chief Lloyd Blankfein warned that private‑market valuations face a growing “fire” risk, arguing the current stress is unresolved and could deteriorate further. He noted that the absence of a major crisis in recent years has allowed hidden balance‑sheet...
3 Risks to Watch With Zoomd, a Performance Ad-Tech Stock
Zoomd Technologies Limited (ZOMD) is a Toronto‑listed performance‑based ad‑tech firm that focuses on mobile user acquisition. With a market cap of roughly C$96 million and projected 2025 revenue of $47 million, the company positions itself as a demand‑side platform that only gets...
Execution-First Pricing: How Can PE-Backed Companies Drive Value Faster?
The discussion centers on Michael’s firm, which was founded to bridge the gap between polished strategy decks and real‑world execution for private‑equity‑backed companies. He argues that many PE portfolios suffer from weak pricing discipline, relying on ad‑hoc test‑and‑learn approaches that...
Metals One Funding for the Gold Acqusition
Metals One announced it has placed a deposit to satisfy the business rescue practitioner, signalling its financial capacity to pursue the proposed gold acquisition. The practitioner is expected to call a meeting within days, after which a detailed rescue plan will...
Scaling a Home Services Business
The interview with David, CEO of Vantage Services Group (ASG), outlines how he left a consulting career to acquire a small HVAC firm in Oregon in 2020 and set out to build a multi‑state home‑services platform. David highlights the $100 billion‑plus market...
Right to Win EP.5: Better Boards with Chris Hendriksen and Aaron Perrine - EP.280
The fifth episode of the "Right to Win" series brings together Chris Hendrickson of Pacific Lake and Aaron Perrine of Trilogy to dissect how emerging search‑fund companies can build stronger boards. They explore board formation, the norms that should...
How Private Equity Firms Can Generate More Deal Flow in Competitive Markets
The video discusses how private‑equity firms can boost deal flow in competitive or slow markets by leveraging sister‑fund structures and a long‑term partnership narrative. It argues that having multiple funds—one focused on debt, another on equity—creates flexibility to engage companies...
The Simple Equation Behind Blackstone's Bullish AI Thesis
James Marle of LiveWire Markets interviews Varal Patel, CEO of Blackstone’s private‑equity strategies fund, to unpack the firm’s bullish thesis on artificial intelligence and its broader investment outlook. Patel explains that deal activity has accelerated, rising roughly 36% year‑over‑year, as...
WAM’s Private Markets Strategy for Long-Term Growth and Dividends
The interview with Nick Kelly, portfolio manager of WHAM Alternative Assets, outlines the fund’s private‑markets strategy delivered through a listed investment company (LIC) on the ASX, aimed at delivering long‑term growth and franked dividends for retail investors. Kelly explains that the...
Kelly Partners (KPG): The Constellation Software of Accounting?
Kelly Partners Group (KPG) is positioning itself as the “Constellation Software of accounting,” a serial acquirer that buys small to midsize chartered accountant firms in Australia, the UK and the US. The video outlines how the company, founded by Brad...
Warner Bros. CEO Could Make $887 Million From Paramount Merger
Paramount Global announced a $110 billion acquisition of Warner Bros. Discovery, creating one of the largest media consolidations in recent history. The deal places Warner’s top leadership, especially CEO David Zaslav, at the center of a financial spotlight as the merger...
How Private Equity Firms Can Drive Value Through SaaS Retention and Pricing
The video explains how private‑equity firms can unlock hidden value in SaaS businesses by tightening customer‑success metrics and pricing structures. It emphasizes that retention metrics such as gross and net revenue retention are critical levers for boosting exit multiples, and...