Dry Powder: The Private Equity Podcast

We seem to have entered a period of eerie calm, but will it last?

Read Bain & Company’s 2024 Global Private Equity Report here.

Join my live webinar on March 19th here.

In part two of our interview, we explore the principles and strategies that enable the industry’s top-performing GP’s to deliver persistent returns.

A pioneering investor talks to us about challenging the industry’s conventions.

Tom Callahan, CEO of NASDAQ Private Market, argues that today’s liquidity crisis could mark a turning point for secondaries markets.

Nigel Dawn, senior managing director at Evercore, explains how GPs and LPs are discovering new tools and techniques to finance deals.

We asked two of Bain’s leading experts on commercial excellence to take us to the cutting edge of investor relations.

As inflation trends downward, should investors plan for a lower interest rate environment in 2024 — and even the possibility of deflation?

Today on the show, I have a lively conversation with Ashby Monk, the executive director of the Stanford Research Initiative on Long Term Investing. Ashby studies the inner workings of pension funds, sovereign wealth funds, endowments and foundations —  in short all of those LPs that sit somewhere in between the public and private sectors.

“That means that they are optimizing for things that are not entirely evident to just the casual observer,” Ashby says.

In this episode of Dry Powder, I ask Ashby to take us inside the $140 trillion universe of long-term investing and help us understand what exactly these organizations are optimizing for.

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In part two of our interview series, we explore Vista’s approach to AI and how it connects to the company’s founding story.

We ask Vista’s CEO how he continues to do deals at an astonishing clip, despite the challenging conditions of today’s market.

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We ask the founding team at Greater Share about their intriguing new approach to philanthropic funding and how they’ve already garnered support from some of the world’s leading GPs.

In part two of our macro series, we explore the risks and rewards of public-private partnerships.

We ask Karen Harris, the managing director of Bain’s Macro Trends Group, whether the economy could emerge from this period of rate hikes unscathed.

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In part two of our interview series, we ask Steve how he recruits and retains a team of all-star players.

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The longtime chairman and now senior advisor at Bain capital explains why he is “as excited” to be involved in the private equity industry today as he was 30 years ago.

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In the second part of our interview series with WCAS, we explore how they “co-cover” the healthcare and tech industries, together.

We ask Welsh Carson how they identify the next generation of leaders within the firm and how they extend those practices to their wider ecosystem of partners and advisors.

I've also launched a weekly series of posts on LinkedIn, which you can follow  here.

In such a severely capital-constrained environment, you need to give your LP’s  confidence that you’ll be able to deliver real results over the next five years. 

Read our latest research on the fundraising slowdown and how top private equity firms are learning to sell, here.

I've also started a weekly series of posts on LinkedIn, which you can follow here.