Dry Powder: The Private Equity Podcast artwork

Dry Powder: The Private Equity Podcast

95 episodes - English - Latest episode: 17 days ago - ★★★★★ - 122 ratings

Hugh MacArthur, Chairman of Bain & Company's Global Private Equity practice, interviews leading experts on the trends and opportunities that will redefine the private equity industry.

Investing Business Management bain bain & company private equity hugh macarthur
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Episodes

Bain & Company’s 2024 Global Private Equity Report: Executive Summary

March 11, 2024 08:00 - 19 minutes - 17.8 MB

We seem to have entered a period of eerie calm, but will it last? Read Bain & Company’s 2024 Global Private Equity Report here. Join my live webinar on March 19th here.  

The Key to Persistent Performance w/ TPG’s Jim Coulter

February 22, 2024 09:00 - 20 minutes - 18.8 MB

In part two of our interview, we explore the principles and strategies that enable the industry’s top-performing GP’s to deliver persistent returns.

Breaking the Tablets w/ TPG’s Jim Coulter

February 15, 2024 09:00 - 28 minutes - 25.7 MB

A pioneering investor talks to us about challenging the industry’s conventions.

The Evolution of the Secondaries Market: From Crisis to Opportunity

January 23, 2024 09:00 - 17 minutes - 15.9 MB

Tom Callahan, CEO of NASDAQ Private Market, argues that today’s liquidity crisis could mark a turning point for secondaries markets.

The Rise of the Secondaries Market: From Backwater to Boomtown

January 16, 2024 09:00 - 25 minutes - 22.9 MB

Nigel Dawn, senior managing director at Evercore, explains how GPs and LPs are discovering new tools and techniques to finance deals.

Inside the Modern Investor Relations Team

January 09, 2024 09:00 - 19 minutes - 17.7 MB

We asked two of Bain’s leading experts on commercial excellence to take us to the cutting edge of investor relations.

Macro Update: The Flip Side of Inflation

December 19, 2023 09:00 - 22 minutes - 20.3 MB

As inflation trends downward, should investors plan for a lower interest rate environment in 2024 — and even the possibility of deflation?

A $140 Trillion Riddle, Wrapped in a Mystery, Inside of an Enigma

December 07, 2023 09:00 - 18 minutes - 17 MB

Today on the show, I have a lively conversation with Ashby Monk, the executive director of the Stanford Research Initiative on Long Term Investing. Ashby studies the inner workings of pension funds, sovereign wealth funds, endowments and foundations —  in short all of those LPs that sit somewhere in between the public and private sectors. “That means that they are optimizing for things that are not entirely evident to just the casual observer,” Ashby says. In this episode of Dry Powder, I ...

Back to the Future w/ Vista’s Robert F. Smith

November 21, 2023 09:00 - 17 minutes - 15.8 MB

In part two of our interview series, we explore Vista’s approach to AI and how it connects to the company’s founding story.

Defying the Down Market w/ Vista’s Robert F. Smith

November 14, 2023 09:00 - 24 minutes - 22.5 MB

We ask Vista’s CEO how he continues to do deals at an astonishing clip, despite the challenging conditions of today’s market. If you'd like to stay up to date with my weekly series on LinkedIn, follow me here.

Fine-Tune Your Fund-Raising Game

October 26, 2023 08:00 - 17 minutes - 15.6 MB

In part two of our fund-raising series, we’ll dig into the tools, tactics, and technologies that enable general partners to tailor their pitches to key decision makers within institutions.

Level Up Your Fund-Raising Game

October 19, 2023 08:00 - 13 minutes - 12.5 MB

As competition for capital intensifies, a one-size-fits-all approach to institutional investors will no longer suffice.

One Small Step for Private Equity, One Giant Leap for Philanthropy

October 06, 2023 08:00 - 15 minutes - 14.6 MB

We ask the founding team at Greater Share about their intriguing new approach to philanthropic funding and how they’ve already garnered support from some of the world’s leading GPs.

Macro Update: I'm From the Government and I'm Here to Invest

September 21, 2023 08:00 - 15 minutes - 13.8 MB

In part two of our macro series, we explore the risks and rewards of public-private partnerships.

Macro Update: Are We Out of the Woods Yet?

September 14, 2023 08:00 - 17 minutes - 15.9 MB

We ask Karen Harris, the managing director of Bain’s Macro Trends Group, whether the economy could emerge from this period of rate hikes unscathed. If you'd like to stay up to date with my weekly series on LinkedIn, follow me here.

How to Recruit and Retain a Team of All-Stars w/ Bain Capital’s Stephen Pagliuca

August 31, 2023 08:00 - 15 minutes - 14.4 MB

In part two of our interview series, we ask Steve how he recruits and retains a team of all-star players. If you'd like to stay up to date with my weekly series of posts on LinkedIn, you can follow me here.

Upward and Onward In an Uncertain Environment w/ Bain Capital’s Stephen Pagliuca

August 24, 2023 08:00 - 20 minutes - 18.7 MB

The longtime chairman and now senior advisor at Bain capital explains why he is “as excited” to be involved in the private equity industry today as he was 30 years ago. If you'd like to stay up to date with my weekly series of posts on LinkedIn, you can follow me here.

Dual Sector Expertise w/ Welsh, Carson, Anderson & Stowe

August 15, 2023 08:00 - 10 minutes - 9.47 MB

In the second part of our interview series with WCAS, we explore how they “co-cover” the healthcare and tech industries, together.

A Tale of Leadership Transition w/ Welsh, Carson, Anderson & Stowe

August 08, 2023 08:00 - 17 minutes - 16.3 MB

We ask Welsh Carson how they identify the next generation of leaders within the firm and how they extend those practices to their wider ecosystem of partners and advisors. I've also launched a weekly series of posts on LinkedIn, which you can follow  here.

Put Fundraising on the Front Burner

July 24, 2023 08:00 - 5 minutes - 4.84 MB

In such a severely capital-constrained environment, you need to give your LP’s  confidence that you’ll be able to deliver real results over the next five years.  Read our latest research on the fundraising slowdown and how top private equity firms are learning to sell, here. I've also started a weekly series of posts on LinkedIn, which you can follow here.

Bain’s Private Equity Midyear Report 2023: Executive Summary

July 17, 2023 12:36 - 13 minutes - 12.6 MB

Deal activity, exits and fundraising are all sharply down, but the fear of a recession is also subsiding. So what’s holding investors back? Read Bain's Private Equity Midyear Report 2023, here. You can also find our latest research on the fundraising slowdown and how top private equity firms are learning to sell, here. I've also started a weekly series of posts on LinkedIn, which you can follow here.

Alone on the Ice: A Conversation with Arctos' Ian Charles

July 12, 2023 08:00 - 14 minutes - 13.3 MB

On the previous episode of Dry Powder, Ian Charles, managing partner at Arctos Sports Partners, took us inside his approach to sports investing. It was a master class in sector specialization and value creation that you don’t want to miss, but Ian has always tended to go after nonobvious opportunities. “I grew up in a small town in Alaska,” he says. “One of the things that you always heard as a kid was if you go out on the frozen lake, make sure you’re not around too many of your friends. I...

In a League of His Own: A Conversation with Arctos' Ian Charles

June 22, 2023 08:00 - 27 minutes - 25.2 MB

Ian Charles, the managing partner of Arctos’ Sports Partners, takes us inside the world of sports investing.

Dry Powder: Live from SuperReturn

June 08, 2023 08:00 - 29 minutes - 26.7 MB

Christian Sinding, the CEO and managing partner of EQT Group, joins us for our first live recording. We explore when deal markets will finally stir to life and how EQT takes intelligent risks in a period of overwhelming of uncertainty.

Preparing for a Post-Dollar Era

June 01, 2023 08:00 - 13 minutes - 11.9 MB

We asked Bain’s leading macro expert whether the dollar’s status as a global reserve currency is really under threat.

Macro Update: A Strange Brew

May 25, 2023 08:00 - 17 minutes - 16.4 MB

Karen Harris, the head of Bain’s Macro Trends Group, returns to the show for a conversation on interest rates, bank runs and an unusual mix of economic indicators.  

Inside the Race to Tokenize Capital w/ HgCapital Trust’s Jim Strang

May 16, 2023 08:00 - 21 minutes - 19.3 MB

We consider whether the launch of a few tokenized funds amounts to an interesting experiment on the blockchain or the beginning of a powerful secular trend. If you'd like to learn more about the democratization of private equity, I recommend you listen to our interviews with the CEOs of Titanbay, Moonfare and Opto Investments. I've also started a series of weekly posts on LinkedIn, which you can follow here.  

Inside the Race to Retail Capital w/ Opto Investments’ Mark Machin

May 02, 2023 08:00 - 19 minutes - 17.9 MB

We asked the CEO of Opto Investments to take us inside their eye-opening series A round and why they’re pursuing Registered Investment Advisors with a laser-like focus. If you haven’t heard our interviews with the CEOs of Moonfare and Titanbay, I highly recommend you go back and listen to those episodes as well. I've also started a series of weekly posts on LinkedIn. If you're interested in receiving those updates, follow my LinkedIn profile, here.

Inside the Race to Retail Capital w/ Moonfare's Steffen Pauls

April 25, 2023 08:00 - 25 minutes - 23.4 MB

We asked the CEO of Moonfare what it takes to get ordinary investors up to speed and investing in private equity with confidence. If you haven't heard my interview with another early mover in this space, the CEO of Titanbay, I highly recommend you go back and listen to those episodes as well.  I've also started a series of weekly posts on LinkedIn. If you're interested in receiving those updates, follow my LinkedIn profile, here.

Visualize Profits With Precision, Not Platitudes

April 18, 2023 08:00 - 14 minutes - 13.2 MB

Too many business leaders lack a clear and granular understanding of profitability, but a few organizations are visualizing profits in startling detail.

The Renewed Urgency of Operational Due Diligence

March 21, 2023 08:00 - 14 minutes - 13.5 MB

As margins shrink, private equity houses are rediscovering the vital importance of operational due diligence.

The 2023 Global Private Equity Report: Executive Summary

February 27, 2023 05:05 - 11 minutes - 10.6 MB

Deal activity was on track for another record-setting year, until the wheels came off. Read the full 2023 Global Private Equity Report, below: https://www.bain.com/insights/topics/global-private-equity-report/

Macro Update: Waiting to Exhale

February 02, 2023 09:00 - 20 minutes - 19 MB

Behind the scenes at Davos, attendees were coming to terms with a fracturing world, a cascade of risks and, despite it all, a silver lining. Today on Dry Powder, Karen Harris, managing director of Bain's Macro Trends Group, shares her key insights from Davos and how private equity investors are dealing with the emergent risks and opportunities of a multipolar world. Listen to her previous appearances on Dry Powder, below: Macro Risks: Everything, Everywhere, All at Once  Macro Risks: Kee...

Where to Invest With Web3

December 16, 2022 09:00 - 15 minutes - 14.2 MB

Private equity firms are racing to build out their Web3 capabilities, from deal sourcing to diligence to the bleeding edge of tokenization fund management.   Further Reading:  For Digital Assets, Private Markets Offer the Greatest Opportunities

Where to Begin With Web3

December 13, 2022 09:00 - 11 minutes - 10.2 MB

Investors have been funding a massive build out of Web3 infrastructure, despite the turmoil over the past year. Further Reading Web3 Could Rewrite the Rules of User Identity Snap Chart: How Much Is Web3 Disrupting Your Industry?  

The Long Road to the ‘Other Half’ of the Capital Market

November 22, 2022 09:00 - 13 minutes - 12.1 MB

In part two of our interview with the CEO of Titanbay, we discuss the regulatory and behavioral hurdles that have prevented private equity from accessing roughly half of the world's sources of capital — and to what extent digital platforms can lower those barriers to entry.

Are Retail Investors Finally Within Reach?

November 15, 2022 09:00 - 10 minutes - 9.5 MB

We asked the CEO of Titanbay how digital platforms could open up private equity deals to a whole new class of investors.

An Enduring Strategy for Just About Any Time

October 25, 2022 08:00 - 10 minutes - 9.27 MB

Hg’s Matthew Brockman describes the technological trends that could reshape the workplace for decades to come.

A Resilient Strategy for Uncertain Times

October 18, 2022 08:00 - 15 minutes - 13.9 MB

Hg’s Matthew Brockman explains how sector specialization can deliver surprisingly stable returns.

How ESG Could Reshape the Real Economy

September 23, 2022 08:00 - 13 minutes - 12 MB

A raft of new public policies will not only reshape portfolios, they could also transform the way private equity houses run and grow their businesses on the ground.

How ESG Went from a Focal Point to a Flash Point

September 16, 2022 08:00 - 13 minutes - 12.3 MB

The debate around ESG is heating up, but it may shed light on the future of ESG investing. Further Reading Closing the ESG Measurement Gap in Private Equity Decarbonization: How Private Equity Can Make It Work Private Equity Investors Debate the Best Path Forward on ESG Businesses Urge SEC to Consider Mergers in Climate-Disclosure Rule  

Macro Risks: Keep It Simple

September 13, 2022 08:00 - 13 minutes - 12.6 MB

Home in on the mission critical risks to your portfolio and don’t sweat the details.

Macro Risks: Everything, Everywhere, All at Once

September 06, 2022 08:00 - 20 minutes - 19.1 MB

Faced with an unprecedented confluence of macro risks, we asked Bain’s leading macro expert to game out the possible outcomes for the global economy, from best to worst case scenarios.

Is It the Worst of Times?

July 29, 2022 14:00 - 12 minutes - 11.1 MB

In Bain’s 2022 Midyear Private Equity Report, we help you plan for scenarios, not certainty. Read the full report here: https://www.bain.com/insights/shifting-gears-private-equity-report-midyear-2022/

Tech Due Diligence: From Here On Out

July 15, 2022 08:00 - 8 minutes - 8.01 MB

The field is evolving fast. Here’s how investors can stay ahead.

Tech Due Diligence: From Bits and Bytes to Dollars and Cents

July 05, 2022 08:00 - 11 minutes - 11 MB

Translate technical jargon into actionable recommendations. Learn more about Bain's Tech Insights Group here: https://www.bain.com/industry-expertise/private-equity/tech-due-diligence/

Tech Due Diligence: From the Outside, In

June 28, 2022 08:00 - 16 minutes - 15.4 MB

You don't need the keys to the source code to learn an awful lot about a business from the outside, in. Learn more about Bain's Tech Insights Group here: https://www.bain.com/industry-expertise/private-equity/tech-due-diligence/

ESG at the Tipping Point: From Measurement to Management

April 27, 2022 08:00 - 11 minutes - 10.5 MB

Discover how leading private equity firms are making their ESG agendas more measurable and ultimately more manageable.

ESG at the Tipping Point: From Awareness to Action

April 20, 2022 08:00 - 16 minutes - 15.3 MB

ESG awareness has gone global. Learn how leading private equity firms are now springing into action.

The 2022 Global Private Equity Report: Three Essential Trends

March 09, 2022 09:00 - 7 minutes - 6.96 MB

We consider the intensifying competition for tech, the rise of growth equity investing and the critical importance of sector expertise. Read the full report here: bain.com/privateequityreport