Knowledge Base
PE firms, fund structures, deal analysis, and the fundamentals of institutional private equity investing.
47 articles in this category — page 1 of 4
Private equity hedging is not a free lunch. For investors with $10M+ in PE exposure, the right hedging program can preserve IRR through currency dislocations and rate cycles. For those below that threshold, the costs frequently exceed the protection. Knowing which side of that line you're on is the
Angelo Gordon private equity occupies a specific and often misunderstood niche in the alternatives universe. The firm built its reputation on distressed credit and middle-market operational complexity, not mega-buyouts. Then, in November 2023, TPG acquired it for approximately $2.7 billion. If you a
A portco in private equity is any company a PE firm acquires, operates, and eventually sells to generate returns for its fund investors. The mechanics are straightforward: buy a business at a given multiple, improve its operations and growth trajectory over a 3-7 year hold, then exit at a higher mul
Private equity fund administration covers every operational function that sits between a GP closing a deal and an LP receiving a clean K-1: fund accounting, capital call processing, waterfall calculations, regulatory filings, and investor reporting. For a $5M+ LP, understanding this infrastructure i
Private equity trends in 2024 point toward a market that rewards access, patience, and manager selection above almost everything else. Global PE assets under management exceeded $8 trillion in 2023, according to Preqin, with projections toward $12 trillion by 2029. For investors at the $5M+ level, t
Private equity partners control the terms, the timing, and ultimately the returns on your capital. If you are allocating 10–20% of a $5M–$20M portfolio to private equity, understanding how GPs structure their economics, select deals, and manage LP relationships is not background reading. It is due d
Bradley Jacobs is one of the most documented serial operators in American business history. He built United Rentals from scratch in 1997, took it public on the NYSE, and later founded XPO Logistics in 2011, growing it from a $150 million market cap into a global freight giant. What he is not, at lea
Healthcare private equity has quietly become one of the most active corners of alternative assets, with global deal volume running into the hundreds of billions annually. For accredited investors evaluating LP commitments, the sector offers historically strong returns, but the dispersion between top
Israel runs more R&D spending as a share of GDP than any other country on earth. According to OECD data, that figure sits at approximately 5.4%, against roughly 3.5% for the United States and 3.1% for Germany. For private equity investors, that single metric matters more than any startup-nation narr
Blackstone investment banking sits inside the world's largest alternative asset manager, a firm that crossed $1 trillion in AUM in Q4 2023 according to its own earnings supplement. But the more useful question for anyone allocating serious capital isn't what Blackstone does. It's whether you can acc
The private equity promote is the GP's share of fund profits above a predetermined return threshold. It is the primary wealth-creation mechanism for fund managers, and for LPs committing $1M or more to a single vehicle, understanding exactly how it works determines whether you're evaluating a fair d
Direct investment private equity means taking an ownership stake directly in a private company, with no fund manager sitting between you and the asset. You own the equity. You negotiate the terms. You bear the risk and capture the return without sharing it with a general partner collecting 2-and-20.