The AI capability of available tools has improved by an order of magnitude over the past three years. The AI absorption capacity of mid-market portfolio companies has improved by perhaps thirty percen...
Most operating partners intervene before they diagnose. They arrive at a portfolio company with a playbook in their head, a set of standard interventions they have run successfully before, and a presu...
Private equity has a recurring blind spot. It pays a premium for founder-led businesses because they grow faster, decide faster, and convert customers faster than their corporate equivalents. Then it ...
The 100-day plan is one of the most universally adopted, universally underperforming artifacts in private equity. Every fund has one. Every IC memo gestures at one. Every operating partner is handed o...
Most private equity value creation plans are not designed to be executed. They are designed to win an investment committee.
That is not a moral failing. It is a structural feature of how deals get bu...
