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Same disruption. Four very different panic responses.
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The biggest risk in private equity isn't leverage. It's believing the story you wanted to hear.
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IMAX spent its first 40 years showing museum documentaries.
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If I were hiring an operating partner tomorrow, the first question would not be about experience.
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Accenture gets mocked because it looks less glamorous than McKinsey, Bain and BCG.
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A record week for records, most of them made of fees.
Carlyle, TPG and Brookfield all reported records this week. The footnotes: doubled deal fees, $35 million of realised carry, and $40 billion of Brookfield's own insurance money.
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The Best Private Equity Podcasts in 2026
The best private equity podcasts in 2026, grouped by role: house views, allocators, value creation, exits and the small-cap end. Honest blurbs, no leaderboard farm.
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Apollo's quarter fired on every cylinder except selling things.
Record FRE, record SRE, record inflows, and $16 million of principal investing income. Apollo's quarter was superb everywhere except the line the industry is named after.
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The Operator Era Reading List: Private Equity Operator Voices Worth Following in 2026
The private equity operator voices worth following in 2026: nine practitioners with public bodies of work on operational value creation, from long-hold ownership to digital growth execution.
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Ares raised $36 billion and expects to realise $10 million.
A record fundraising quarter, a record $170 billion of dry powder, and carry guidance that rounds to zero. Ares is what the industry looks like when selling stops mattering.
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What Is an Independent Sponsor? The Operator's Route Into Private Equity
An independent sponsor is a dealmaker who finds a company to acquire first and raises the equity afterward, deal by deal, instead of investing from a pre-raised fund. Also called a fundless sponsor. Compensation is typically a closing fee, a management fee, and a carried-interest promote. Search the