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Dividend Recaps Reconsidered: When the Distribution Is Actually a Decision capital structure debt dividend recap dpi leverage lp gp value creation Jul 30, 2026

The dividend recapitalization has returned to the private equity playbook with renewed intensity over the past eighteen months. The reason is not subtle. With exits slowed, DPI weak, and LPs pressing ...

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Headroom Is Strategy: Managing Lenders Before They Manage You covenants leverage Oct 25, 2025

Most PE stories rise or fall on a quiet variable: confidence. Not customer confidence—lender confidence. In a high-rate cycle, your headroom is the oxygen for pricing moves, integration, and the inevi...

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Debt-for-Equity: When Credit Becomes Control leverage Jul 07, 2025

Carlyle is eyeing a debt-for-equity handover of DAINESE to HPS Investment Partners and Arcmont Asset Management. The Italian motorcycle gear company, acquired in 2022 through a €285 million debt-finan...

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