Markets23rd September 2026
Rearmament has turned defence from an industry private capital avoided into one it is pouring money into, though Europe's governments are increasingly particular about whose money it is.
Alexander Eklund15 min read
MarketsOpinion5th September 2026
Buyout firms have spent $182bn on UK-listed companies this year while the London Stock Exchange struggles to replace them. Behind the takeover wave sits a tax-driven surge in exits, much of it firms selling to themselves.
Alexander Eklund9 min read
Markets24th August 2026
Global private equity made zero new deals in mainland China in the first seven months of 2026, even as it raised record Asia funds for Japan and India. The retreat is structural, not cyclical, and none of the forces driving it are in reverse.
Alexander Eklund7 min read
Student SpotlightMacro21st August 2026
A divided Fed, a still-roaring AI rally and an Iran framework that collapsed within a fortnight pulled markets in three directions across August. The whiplash between them is a live lesson in how risk gets priced.
Aakash Karia12 min read
MarketsOpinion11th August 2026
Offshore law firms have already sold stakes to private equity. US Big Law is watching, waiting for someone else to go first. The legal industry's long immunity to outside capital is ending, but the terms remain deeply uncertain.
Alexander Eklund11 min read
Markets6th August 2026
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
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.
Alexander Eklund7 min read
MarketsPrivate Equity3rd July 2026
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.
Alexander Eklund7 min read
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.
Alexander Eklund8 min read
MarketsPrivate Equity12th June 2026
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.
Alexander Eklund6 min read
MarketsPrivate Equity4th June 2026
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.
Alexander Eklund8 min read
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.
Alexander Eklund8 min read