Markets6 August 2026
Hollywood's Most Profitable Hero
Sony brings the money, Marvel brings the vibes and Peter Parker gets caught in the middle of Hollywood's most profitable frenemy saga.
Manasvi Kommuri9 min read
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The Concentration Trap: Why Private Equity's Revival Is Leaving Most of the Industry Behind
Global PE fundraising is rising but the number of funds closing is collapsing. The industry is not recovering. It is concentrating, and the zombie firm data suggests the structural shift is already irreversible for much of the market.
Private EquityFundraisingZombie FirmsIPOPublic Markets
Alexander Eklund7 min read
Read ArticleMarketsPrivate Equity3 July 2026
Borrowing Against Tomorrow: How Private Equity Is Living With Its Liquidity Problem
From preferred equity deals for LP stakes to carried interest loans for executives, private equity is manufacturing liquidity at every level of the food chain. The exit market remains blocked. The workarounds are getting bigger.
Private EquitySecondariesCarried InterestLiquidityMergers and Acquisitions
Alexander Eklund7 min read
Read ArticleTwo Deals, Two Eras: What Medallia and Intertek Reveal About Private Equity's Reset
Thoma Bravo's $5bn Medallia loss and EQT's £10.7bn Intertek acquisition tell the same story from opposite ends. Private equity's software bet has failed. The platform strategy is what comes next.
Private EquitySoftwareMergers and AcquisitionsEQTThoma Bravo
Alexander Eklund8 min read
Read ArticleMarketsPrivate Equity12 June 2026
Apollo's Week: The Diagnosis and the Dropped Bid
Apollo's co-president warned of a private equity reckoning at SuperReturn in Berlin, then withdrew a £1.5bn bid for Bodycote two days later. The contradiction tells you everything about where the industry stands.
Private EquityApolloUnited KingdomMergers and AcquisitionsSpaceX
Alexander Eklund6 min read
Read ArticleMarketsPrivate Equity4 June 2026
Survival of the Pivoting: How Private Equity Is Splitting Under Pressure
As Bain and GHO rotate into Japan and healthcare, Astorg cannot raise a fund and JPMorgan quietly offloads NAV loan exposure. The private equity industry is not in a slowdown. It is in a shake-out.
Private EquityJapanHealthcareMergers and AcquisitionsArtificial Intelligence
Alexander Eklund8 min read
Read ArticleWinners and Losers: How AI Is Splitting Private Equity in Two
As AI disruption freezes software heavy buyout funds and retail capital retreats, a handful of firms are moving decisively in the opposite direction. The private equity market is splitting into winners and losers in real time.
Private EquityArtificial IntelligenceMergers and AcquisitionsSoftwareIran
Alexander Eklund8 min read
Read ArticleMarketsPrivate EquityOpinion7 April 2026
The Dealmaking Freeze: Private Equity's Double Threat
Buyout activity fell 36 per cent in Q1 2026 as the Gulf conflict and AI disruption to software converge to freeze dealmaking across the private equity industry.
Alexander Eklund5 min read
Read ArticleMarketsPrivate Equity24 March 2026
The $3.8 Trillion Logjam
Record unsold assets, zombie funds, and pension pain. Why the private equity industry is at a structural turning point.
Private EquityPension FundsM&AZombie FundsInterest Rates
Alexander Eklund12 min read
Read ArticleMarketsPrivate Credit16 March 2026
Wall Street's Blind Spot
Retail investors are pulling billions, insiders say defaults are already here, and banks are quietly tightening credit. The mixed signals across private credit mask a single uncomfortable truth.
Private CreditPrivate EquityRiskWall Street
Alexander Eklund7 min read
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