Views
Thirteen investments over 28 years. Around $1.7 billion deployed. More than $7 billion of projected box office. Twelve hits and one asset that had the mild inconvenience of being released during a global pandemic. The Odyssey has just opened with $264 million worldwide against a reported $250 million production
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Record AUM, record fees, a 25% dividend bump, and $414 million of net realisations. The fee machine is magnificent. The exit machine is still in the shop.
Views
Legal sources define the TSA as a contract. Operators experience it as a countdown clock. What a TSA covers, what it costs, and why the exit is the first value-creation deadline of a carve-out hold.
Analysis
2026 healthcare PE has pivoted from roll-up consolidation to tech-enabled care, but the deal thesis and the portfolio reality have never been further apart. What the digitalisation gap is, why it exists, and who closes it.
Views
Once as strategy. Then again as AI transformation. Bain wants 50% of revenue from AI-driven work by 2026. BCG is aiming for 40%. McKinsey is already calling 40% of projects AI-related. Accenture is doing what Accenture does best, turning it into an industrial process with a very large
Life
OpenAI's first gadget is a screenless speaker with a camera, a battery, and parts that move on their own. Jony Ive's team designed it to feel like a living companion rather than a HomePod. Apple sued OpenAI on July 10 for trade-secret theft, alleging more
News
Federal law now bans large PE firms from buying single-family homes. The 21st Century ROAD to Housing Act became law on July 11 after President Trump let it pass unsigned. It bars "large institutional investors" owning 350 or more homes from acquiring more. It is the first
Deals
Blackstone, Apollo, and KKR invest $5.34bn in Williams' power projects. A 49% non-controlling stake in five behind-the-meter Power Innovation projects built to feed AI data centres. Williams keeps 51% and operational control. The plants are named Socrates, Apollo, Aquila, Socrates the Younger, and Neo, which
Toolkit
BluWave is a vetted service-provider marketplace for PE, not an expert network. When a marketplace is the right tool, how BluWave compares with Catalant, and the categories of alternatives, from expert networks to embedded growth-execution firms.
Toolkit
A private equity firm that wants operating muscle has two ways to get it: build a captive operations team, or rent operators from outside. How the two models actually differ, and which fits the fund in front of you.
Toolkit
"Marketing help" for a private equity portfolio company means four different things: embedded growth execution, PE-vertical performance agencies, fractional marketing leadership, and data or diligence specialists. Most lists conflate all four with fund marketing, the IR and fundraising side. This one does not. Every firm below works
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For a decade, the model was beautifully simple. Hire armies of clever generalists, put them in airport lounges, sell consensus back to executives at partner rates, then call the PDF proprietary. Now the pyramid has a leak. McKinsey has reportedly dropped from more than 45,000 people to around 40,