Private Equity 101: How PE Funds Actually Work
How PE funds are structured: GPs, LPs, 2-and-20, carried interest, hurdle rate, and the distribution waterfall — with a worked example on a $1B fund.
private equity
Thrive Holdings Raises $2B at $12B: AI-Native PE Model
Thrive Holdings raised $2B at a $12B valuation from OpenAI, SoftBank, D1 and Altimeter to buy legacy services firms and inject AI into their workflows.
Leveraged Buyouts Explained: Capital Structure and IRR
How LBOs work: capital structure, the IRR math behind private-equity returns, and the deals that defined the playbook from RJR Nabisco to Electronic Arts.
Secondaries Hit Record $240B as GP-Led Deals Take Over
Global secondaries volume hit $240B in 2025, a 48% jump driven by GP-led continuation funds. Jefferies sees a $300B run rate within 24 months.
Triton Buys Flender from Carlyle in PE-to-PE Wind Deal
Triton Fund 6 will take Flender, the 125-year-old German gear specialist with major wind exposure, off Carlyle’s hands in a Q4 2026 close.
Howard Davies-Led J.C. Flowers Buys Monte Paschi’s French Arm
J.C. Flowers acquires Monte Paschi’s French lending arm; Howard Davies takes the chair as BMPS streamlines post-Mediobanca.
Blackstone Asia PE Fund Closes at Record $13.1B
Blackstone Capital Partners Asia III closed at $13.1 billion, topping its $10 billion target and more than doubling its predecessor.
Leveraged Buyouts 101: How LBOs Actually Work
How buyout funds use debt to acquire companies — the capital stack, IRR math, value-creation levers, and when LBO math breaks.
Leveraged Buyouts 101: How Private Equity Finances Mega-Deals
A leveraged buyout uses debt to amplify equity returns. Learn how LBO capital structure, IRR targets, covenants, and exit strategies actually work — with a full worked example.
Private Credit’s $2 Trillion Moment: Rewriting Capital Markets
Private credit has crossed $2 trillion in global AUM, displacing banks and reshaping how companies borrow. Here’s what’s driving the boom and the risks investors should watch.