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What to expect

A weekly newsletter. News, views and deals from inside private equity, delivered direct to your inbox. We cover:

• Deal spotlights. What's happening, who's paying what, what's actually going on beneath the press release.
• The Toolkit. Explainer posts on the mechanics of how PE actually works. Carried interest, LBO math, NAV lending, add-backs, all of it.
• Views. Commentary on the industry that other newsletters won't write because they still want to work in it.

Start here

Twenty-two explainers in the Toolkit cover every major PE concept from first principles. If you're new to the industry or brushing up, that's where to go.

If you want opinions and news, the rest of the site is organized by tag.

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If something lands wrong or you disagree, reply to any email. We read everything. The newsletter gets sharper when readers push back.

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Best,
Lee