News
PE’s Push Into U.S. 401(k)s Draws a Hard Warning From Olympus Partners The founder of Olympus Partners is sounding alarms over private equity’s accelerating push into U.S. 401(k) retirement plans. His argument is blunt: high fees, long lockups, and opaque performance don’t
Deals
Patient Square Takes Premier Private in a $2.6B Healthcare Carve-Up Patient Square Capital has officially taken Premier, Inc. private in a $2.6 billion all-cash deal, pulling a major healthcare-services operator off the public markets. Since its IPO days, Premier has struggled under the weight of
Cases
Wrench Group is what happens when private equity finally understands that in consumer services, the real asset isn’t the fleet, it’s the funnel. It started in 2016, when Investcorp rolled four strong regional HVAC and plumbing players into a single platform across Atlanta, Dallas, Houston, and Phoenix. A
Views
Everyone talks about AI, data, and digital transformation. But most B2B firms are still running marketing like it's 2010. The playbook that works in D2C or B2C collapses the moment your sales cycle stretches beyond a quarter. Attribution breaks. CRMs get messy. And every marketing meeting ends with:
Views
Didn't have a title. Didn't have a playbook. Didn't even call himself an Operator. He just showed up at a struggling portfolio company, quietly watched for a few weeks, and then made the call nobody else would: the CEO had to go. No politics.
News
U.S. Equity Funds Pull In $4.36 Billion as Investors Chase Earnings Pop U.S. equity funds logged $4.36 billion in net inflows this week, marking a fifth straight week of investors rediscovering their love for public markets. Strong earnings dragged capital out of the sidelines and back
Deals
Leonard Green Buys the Golf Circus Back Topgolf Callaway is carving off the fun part: it’s selling a 60% stake in its Topgolf venues and Toptracer business to Leonard Green & Partners at a $1.1 billion valuation, generating about $770 million in cash to de-lever and buy
Theses
Most local governments still run on software that looks like it came free with Windows XP. Procurement, permits, inspections, citizen support portals......held together by outdated code, clunky interfaces, and people who've been "restarting the server" since 2004. Yet these systems handle billions in transactions and
Views
Everyone in the early 2000s could see the smartphone wave coming. The idea that our lives would move to a small screen in our pocket was inevitable. Analysts wrote about it. Telcos built for it. Investors piled in. And if you’d asked who would dominate this future, the answers
Views
Fractional CMO. Fractional CFO. Fractional CRO. Fractional sanity. It's the new epidemic of modern business......leadership as a subscription service. The model sounds brilliant in theory: get senior talent without the full-time cost. In practice? It's a carousel of consultants playing executive dress-up. They
Life
Walk through midtown Manhattan at 7:30am. Between the Sweetgreen salads and the AirPod calls, you'll spot them: an army of fleece-vested analysts, all dressed like they're about to close a Series B in Montauk. It wasn't always like this. Pre-2008, Wall
News
Carlyle Circles Lukoil’s Foreign Assets as Sanctions Fatigue Sets In Carlyle is sniffing around Lukoil’s non-Russian assets, a sprawl of energy holdings valued around $22 billion, according to Reuters. It’s the kind of geopolitical scavenger hunt only a top-tier PE shop attempts — buying orphaned assets