Dry Powder: The Private Equity Podcast
95 episodes - English - Latest episode: 17 days ago - ★★★★★ - 122 ratingsHugh 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.
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Episodes
Bain & Company’s 2024 Global Private Equity Report: Executive Summary
March 11, 2024 08:00 - 19 minutes - 17.8 MBWe 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 MBIn 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 MBA 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 MBTom 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 MBNigel 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 MBWe 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 MBAs 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 MBToday 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 MBIn 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 MBWe 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 MBIn 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 MBAs 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 MBWe 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 MBIn 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 MBWe 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 MBIn 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 MBThe 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 MBIn 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 MBWe 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 MBIn 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 MBDeal 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 MBOn 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 MBIan 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 MBChristian 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 MBWe 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 MBKaren 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 MBWe 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 MBWe 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 MBWe 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 MBToo 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 MBAs 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 MBDeal 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 MBBehind 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 MBPrivate 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 MBInvestors 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 MBIn 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 MBWe 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 MBHg’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 MBHg’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 MBA 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 MBThe 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 MBHome 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 MBFaced 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 MBIn 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 MBThe 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 MBTranslate 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 MBYou 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 MBDiscover 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 MBESG 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 MBWe 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