Spotlight: A PEI Podcast

PEI Group
  • 4.5 (20)
  • INVESTING
  • UPDATED WEEKLY
Spotlight: A PEI Podcast

Deep dives into the world of private equity investing with authoritative interviews from all corners of the industry.

  1. 3 DAYS AGO

    Disruption Matters: How tech supercharges today's roll-ups

    This episode is sponsored by AlixPartnersThe Disruption Matters special podcast series is back for a third season, and this year, leading industry experts discuss how private markets can best use today’s technologies to create value. In this fourth episode, we discuss tech's role in improving the speed, rigour and ease of roll-up strategies, where a private equity firm acquires a platform company in a fragmented industry and uses M&A to consolidate targets to create a market leader. It's a popular strategy for the simple reason: it's worked so well in recent years. We'll look at what today's cutting-edge tools, including AI, can do for roll-up strategies, and where human expertise and experience still can't be replaced. Guests include David Poole, partner, executive chair of digital at Stanley Capital; Max Julian Kaye, principal at Battery Ventures; Saurabh Singh, partner at AlixPartners; Jason McDannold, partner and managing director at AlixPartners; and Hoyoung Pak, partner and managing director at AlixPartners. Clips-"People," Barbara Streisand. Funny Girl. Capitol-"Human Touch," Bruce Springsteen. Human Touch. Columbia

    29 min
  2. Identifying the office of the future

    4 DAYS AGO

    Identifying the office of the future

    Despite being plagued by headwinds including high interest rates, shrinking demand and declining property values since the start of the covid-19 pandemic, the office sector is starting to see some green shoots as usage and leasing rise.  In this episode, Jim Costello, executive director and co-head of the real-assets team at MSCI, and Ran Eliasaf, founder and managing partner of New York-based real estate private equity firm Northwind, see growing signs of stabilization – and believe this trend is starting to extend outside of class A assets in gateway markets.   Additionally, there is a rise in creative thinking about how to use older properties, including converting vintage office stock to other uses, and even acquiring office properties on a low basis and doing a complete renovation.  For more insights on this, please see PERE Credit's October/November cover story here.

    19 min
  3. Private credit lenders seize the moment in Europe

    5 DAYS AGO

    Private credit lenders seize the moment in Europe

    This episode is sponsored by Arrow Global Private debt has enjoyed sustained success in recent years, with private credit firms stepping in to fill the void left by the retreat of banks from their traditional lending role. The outlook for the asset class in Europe remains strong, as firms continue to find compelling opportunities, even in sectors that face market headwinds. A persistent supply-demand imbalance in the housing market across most European countries means that residential real estate is a particularly attractive sector for lenders. Changing work patterns are also giving a long-term boost to parts of the hospitality real estate sector, with southern European markets able to take advantage of a boom in demand. In this episode, Zach Lewy, founder and CEO of Arrow Global, discusses how asset-backed lending enables private credit firms to minimise risk while capitalising on emerging opportunities. Success, he notes, hinges on maintaining strategic discipline in a landscape ripe with potential.

    22 min

  4. SEP 23

    SI Decade: is Asia-Pacific the most promising secondaries market?

    This episode is sponsored by Kirkland & Ellis, LGT Capital Partners and TPG NewQuest The Asia-Pacific secondaries market is one of the most fascinating corners of the global secondaries landscape. This region typically never accounts for more than single-digit figures in terms of global deal volume share – yet some of the most innovative transactions have come out of the APAC market over the years. In this episode of our Decade of Secondaries Investing miniseries, we sit down with Brooke Zhou, partner at LGT Capital Partners; Michelle Cheh, partner at Kirkland & Ellis; and Darren Massara, managing partner at TPG NewQuest, to discuss what types of deals have happened over the last 10 years in the Asia-Pacific region. We explore Renminbi-to-US dollar restructurings and why these have taken a back seat in 2024; why valuations are a more complex issue when it comes to Asia-Pacific GPs than their global counterparts; the different drivers of dealflow in the various markets in APAC and what types of opportunities these are bringing about; and why the regulations affecting GP-led secondaries deals in the US and western Europe have had little impact on APAC secondaries transactions. For full coverage of our Decade of Secondaries Investing series, including all podcast episodes and an interactive timeline, click here.

    42 min

  5. SEP 18

    Disruption Matters: Managing the middle

    This episode is sponsored by AlixPartners The Disruption Matters special podcast miniseries is back for a third season, and this year, leading industry experts discuss how private markets can best use today’s technologies to create value. In this third episode, we will discuss life after the 100-day plan and that tricky middle period where effective portfolio management is paramount, especially if the company isn’t growing in line with expectations. Here we’ll investigate how tech and AI can be used to diagnose problems, even propose solutions, and how much the human element still matters in managing a crisis. For example, no workforce wants management relying on AI bots to sell them on a new strategic direction. Guests include Arvindh Kumar, partner and co-head of technology, private equity at EQT; Antony Edwards, managing director at PSG Equity; Neil Kalvelage, co-lead of portfolio operations team efforts at Centerbridge; and Dan Boland, partner and managing director at AlixPartners.Clips:- Magnum Force. John Milius, Robert Daily, Warner Bros, The Malpaso Company.- RoboCop. Edward Neumeier, Michael Miner, Arne Schmidt, Orion Pictures.

    31 min
  6. What stabilizing base rates mean for commercial real estate

    SEP 9

    What stabilizing base rates mean for commercial real estate

    This episode is sponsored by Arrow Global Commercial real estate was heavily affected by rising interest rates throughout 2023. Many sectors of the asset class struggled against a challenging macroeconomic backdrop, with transaction activity dropping significantly and debt providers becoming more conservative in their lending. But over the course of 2024, base rates have begun to stabilize. So, how are investors adapting? In this episode of Spotlight, Zachary Vaughan, chief investment officer and global head of real estate at Arrow Global, speaks to Jonathan Brasse, editor-in-chief, real estate at PEI Group, about the impact of stabilizing interest rates and the best strategies for investors navigating the current market landscape. He discusses the significance of localized expertise in Europe, the emergence of situational distress in smaller transactions, and the shift towards operational real estate investments. He also discusses evolving portfolios and the increasing appeal of sectors like hospitality and retail.

    20 min
  7. How to get into the SI 50: Inside our latest ranking of the biggest secondaries fundraisers

    SEP 5

    How to get into the SI 50: Inside our latest ranking of the biggest secondaries fundraisers

    The top 50 secondaries investors globally raised $473.8 billion in the five years to the end of 2023, according to this year’s SI 50. That’s a 9 percent increase on last year’s ranking, when $434.5 billion was recorded across a longer counting period of five-and-a-half years. Ardian took the top spot, raising $49.6 billion across the period, followed closely by Blackstone Strategic Partners, which raked in $49.5 billion. Lexington Partners, which holds the record for the largest secondaries fund ever raised, accumulated $36.7 billion in commitments, coming in at number three. Specialisation is driving much of this underlying growth – whether that be through asset class expansion, strategies focused down on LP-leds or GP-led deals, or picking a focus on a market segment with less secondary competition. Evergreen vehicles are also spurring on new avenues for secondaries capital raising. In this episode of Second Thoughts, senior reporter Madeleine Farman and Americas correspondent Hannah Zhang discuss how far these factors have driven growth in the SI 50 and how much room there is to grow further. See the full SI 50 ranking here

    19 min
  8. Carry tax increase in the UK: Anarchy for PE or a new reality?

    SEP 4

    Carry tax increase in the UK: Anarchy for PE or a new reality?

    Profit sharing is at the heart of the private equity incentive model: deliver LPs a certain return and keep 20 percent of the profits. But private equity managers in the UK look set to pay a higher tax on any profit they take from such investments. The Labour government, which was voted into power in July, has said it aims to raise the tax on carried interest so it’s closer to the income tax rate of 45 percent. Doing so would raise £565 million pounds ($746 million; €671 million) in annual revenue, according to the government’s estimates. In this episode, we sit down with Michael Graham, a partner at law firm DLA Piper who specialises in tax for private funds. Graham has been part of the consultation group providing the UK's tax authority with details on what a potential hike in carried interest tax could mean. Graham discusses the lessons the UK can learn from other jurisdictions, why it's unlikely professionals in the UK private equity industry will leave en masse, why a flat tax rate is an attractive idea, and what 'capital at risk' may really mean.

    12 min
See All (213)

4.5
out of 5
20 Ratings

About

Deep dives into the world of private equity investing with authoritative interviews from all corners of the industry.

Information

  • Channel
    PEI Group
  • Creator
    PEI Group
  • Years Active
    2019 - 2024
  • Episodes
    213
  • Rating
    Clean
  • Copyright
    © Copyright 2024 All rights reserved.
  • Show Website
    Spotlight: A PEI Podcast

More From PEI Group

You Might Also Like

To listen to explicit episodes, sign in.

Stay up to date with this show

Sign in or sign up to follow shows, save episodes, and get the latest updates.
Select a country or region

Africa, Middle East, and India

Asia Pacific

Europe

Latin America and the Caribbean

The United States and Canada