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Dipan Patel, co-CEO of Permira, joins Goldman Sachs Exchanges: Great Investors to discuss how Permira's sector-specialized investment approach and private partnership structure differs from firms which have grown through platform scale and breadth. He also discusses Permira's strategy for transforming portfolio companies and what has made those assets attractive to strategic buyers, and he shares how Permira assesses technology risk in its portfolio. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. © 2026 Goldman Sachs. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nick explains the critical, often misunderstood distinction between business growth and true scaling, warning founders that confusing the two can lead to catastrophic burnout and lost enterprise value. Drawing on his Private Equity and turnaround background, Nick explains why growth is merely an unrepeatable event driven by heroics, whereas scaling is an intentional, repeatable pattern that operates smoothly and with margin. He reveals why the most scalable and valuable companies are deceptively quiet, well-oiled machines rather than chaotic, full-throttle pressure cookers—offering listeners a clear blueprint for building a business that is both sustainable to run and far more valuable to sell. KEY TAKEAWAYS Growth is an isolated, score-like event driven by founder heroics or market luck, whereas scaling is a deliberate, repeatable pattern that produces predictable results on purpose. Running a company at 100% capacity leaves zero margin for disruption, causing operational breakdowns to be repeatedly patched rather than permanently fixed. A genuinely scaling business is marked by quiet precision and steady rhythm rather than frantic hustle and chaos. Buyers and investors pay a premium not for past performance numbers, but for the proven, repeatable systems that make future revenue predictable without founder dependency. BEST MOMENTS "Growth tells you what happened, but it doesn't tell you why. And if you don't know why, then you can't repeat it." "The quiet wasn't a lack of ambition; it was precision showing up." "Slow is smooth, smooth is deadly. Smooth is incredibly effective." "A machine that is built to run at 100% has nothing left when a component wears out... it doesn't degrade gracefully, it just stops." VALUABLE RESOURCES Want to grow and scale your business? Check out Nick's Boardroom Program: https://gamma.app/docs/BOARDROOM-2026-FINAL-h2vknz5qne7vvwm To get your copy of Nick's book, Exit for Millions, go to http://bit.ly/4ngC2hO Nick's LinkedIn: https://www.linkedin.com/in/realnickbradley Nick Bradley is a world-renowned author, speaker, and business growth expert, who works with entrepreneurs, business leaders, and investors to build, scale and sell high-value companies. He spent 10+ years working in Private Equity, where he oversaw 100+ acquisitions, 26 exits, and over $5 Billion in combined value created. He has one of the top-ranked business podcasts in the UK (with over 1m downloads in over 130 countries). He now spends his time coaching and consulting business owners in building and scaling high-value business towards life-changing exits. This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/
Private equity has pushed CPA firm valuations higher than anyone expected, and Brannon Poe says the accounting profession still has significant runway left. In this solo episode, Brannon steps away from the usual guest format to share a market update: where private equity stands in accounting M&A, how AI is reshaping which practices are in demand, and what firm owners should understand about valuation before they consider a sale.Brannon walks through why the accounting industry remains more fragmented than sectors like veterinary, dental, and healthcare, and why that suggests more consolidation is ahead. He explains a shift in buyer demand: as AI absorbs more of the simpler, transactional work, both advisory practices and straightforward individual tax practices are seeing strong interest, while service mixes that once felt safe are being reevaluated.He also addresses the questions he hears most often. Has private equity permanently changed the profession? Is there a bubble forming? Which firms are not a good fit for a PE sale? Brannon offers grounded, experience-based answers to each, drawing on Poe Group Advisors' work selling CPA firms since 2003.The conversation moves into what actually makes a transition successful. Brannon argues that fit, cultural alignment, shared vision, and compatible management styles matter more than most sellers expect, and that talking with a wide pool of potential buyers before committing to one leads to better outcomes on both price and terms. He closes with a look at the fundamentals of valuation, why virtual and metro-area firms tend to draw stronger multiples, and why terms often matter more than the headline number.The Conversation Covers:How AI is shifting buyer demand toward advisory work and away from simpler compliance servicesWhy the accounting industry still has more consolidation ahead compared to other PE-driven verticalsHow to know if your firm is a good fit for a Private Equity sale versus a traditional buyerWhy talking with more potential buyers before granting exclusivity leads to a better outcomeHow location and virtual operations expand your buyer pool and strengthen your valuationWhy the multiple you see in a headline deal rarely tells the full storyThis episode is for firm owners curious about how private equity is changing the accounting profession, practitioners wondering how AI will affect the value of their practice, and anyone exploring a future sale who wants to understand what actually drives valuation.Timestamps: 00:45 - Why this episode is a solo market update instead of a guest interview02:10 - The state of the CPA firm M&A market in August 202603:40 - Why Accounting Practice valuations keep climbing past projections05:15 - How the accounting industry compares to more consolidated verticals like veterinary and dental07:00 - Why AI is shifting demand toward advisory and Tax Practice work09:20 - Whether Private Equity has permanently changed the Accounting Firm Owner landscape11:45 - Is there a bubble in Accounting Practice valuations13:30 - Which CPA Firms should think twice before selling to Private Equity15:50 - How PE consolidation connects to the Silver Tsunami and Firm Succession18:10 - Why fit matters more than price in a Public Accounting sale20:35 - The hiring-process analogy for finding the right buyer23:00 - A ten-year outlook for the Accounting Practice profession25:20 - Why supply and demand drive CPA Firm valuation27:15 - How location and virtual firms affect your buyer pool29:40 - The most common misconception about Practice Management and firm value31:50 - Why terms matter more than the multiple you see in headlines
What if the future of private equity looks exactly like its past? The days of cheap debt and multiple expansion are over, so the only way to win going forward is to operate your way out. Buy well, execute, and exit well. In this episode, Devin and Paul sit down with Lee McCabe — recovering operating partner, Facebook and Alibaba alum, and Founder of Claymore Partners — to unpack what the new playbook for PE actually looks like. Paul and Lee share stories about Operating Partner roles inside private equity funds, how to bond with management teams so you can get stuff done, and how to share bad news with the deal team when they don't want to hear it. We detail the operating plays that continue to work post-close and why, in the end, there are no shortcuts, only execution. Lee calls it common sense. You can connect with Lee at https://www.claymorepartners.com/ and follow his prolific LinkedIn account at https://www.linkedin.com/in/leemccabe/
Carr Preston, Managing Director at Akoya Capital, joins Sean Mooney to discuss how leadership, partnership, and commercial discipline shape successful private equity investments. He shares how Akoya evaluates founder- and family-owned businesses, including the importance of a strong CEO, a clear economic model, scalable sales motion, and the right cultural fit. Carr also explains how Akoya's thesis-driven, operating-centric approach helps companies professionalize, grow revenue, and focus on the few priorities that matter most. This is a practical conversation on building value through people, focus, and disciplined execution—hit play. Episode Highlights 1:00 - Carr's path from San Francisco to Morehouse, law school, business school, and private equity 4:00 - How a JD/MBA perspective helps with deal structure, diligence, and negotiation 6:33 - Learning investing fundamentals at Allied Capital during a formative period in PE 10:48 - Carr's Prince concert streak and the music that shaped different chapters of life 14:42 - What Akoya looks for in leadership, strategy, execution, and business model quality 20:00 - Evaluating management teams through decision-making, trust, communication, and plant tours 24:42 - Akoya's operating-centric approach to value creation before and after close 29:20 - Why sales and business development are major levers for lower-middle-market growth
Send us Fan MailThis episode is packed with actionable insights for anyone looking to understand the financial heartbeat of modern car wash businesses, emphasizing strategies to build predictability, scalability, and professionalism. Learn how to achieve a higher multiple and navigate the competitive landscape.What You'll Learn:The current state of car wash industry consolidation and the role of sponsor-backed operators.How to differentiate between market and premium valuations in car wash acquisitions.The three core questions buyers ask: earnings quality, growth potential, and risk profile.Why membership penetration is the "lifeblood" of predictable recurring revenue.Strategies for optimizing customer conversions and managing churn effectively.The broader economic insights that can be gleaned from analyzing involuntary churn.Don't miss these critical insights into maximizing your car wash business's value. #CarWashIndustry #PrivateEquity #BusinessValuation #RecurringRevenue #CustomerRetentionConnect With Us:https://www.facebook.com/AmplifyCapGroup/https://x.com/i/flow/login?redirect_after_login=%2FCarWashAdvisors%2Fhttps://www.linkedin.com/company/amplifycapgroup/https://www.youtube.com/channel/UCyy2-_zM-liZr95drgKDX3g
LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured Chris argues that private equity has spent decades buying businesses, cutting costs, piling on debt, and degrading customer service—all in pursuit of a quick profit. That's not capitalism, he says; it's financial engineering that can leave companies weaker while insiders walk away richer.
Hour one of DJ & PK for September 2, 2026: Aaron Roderick, BYU Football offensive coordinator Frank Dolce, former Utah football quarterback David Nixon, former BYU football linebacker
Barry James Dyke the Bestselling author of, The Pirates of Manhattan warns about the incoming threat of private equity coming for your retirement savings, including your 401k and IRA. Barry walks Caleb Guilliams through the evidence and past behavior of the largest Wall Street corporations in order to control more of your money's liquidity. Watch the Interview on Youtube for Visuals - https://youtu.be/xUZiCgRKJ3oLearn More About About Barry's Work: https://www.barryjamesdyke.com Want to See If Whole Life Insurance Can Improve Your Financial Plan? Schedule Your Clarity Call Here: https://bttr.ly/bw-yt-aa-clarity Want Us To Review Your Permanent Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-review Want Free Whole Life Insurance Resources & Education? Go Here: https://bttr.ly/yt-bw-vault Learn More About BetterWealth: https://betterwealth.com Chapters: 0:00 - Introduction to the Retirement Crisis 1:28 - Critiquing Wall Street & BlackRock 7:06 - The Dangers of Private Equity in 401(k)s 12:56 - Solutions & Financial Fundamentals 16:02 - Reviewing Barry James Dyke's Books 21:42 - Why Do You Do This? 22:20 - Barry Get's Emotional DISCLAIMER: https://bttr.ly/aapolicy *This video is for entertainment purposes only and is not financial or legal advice. Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.
Sequoya Borgman is the Founder and CEO of Borgman Capital, a private equity firm focused on acquiring and growing lower middle-market businesses across the United States. Since founding the firm in 2017, Sequoya has led investments in more than 20 companies and built a network of over 500 accredited investors. With over two decades of mergers and acquisitions experience, including leadership roles at RSM US LLP and KPMG LLP, Sequoya brings expertise in deal structuring, due diligence, and value creation. His investment philosophy emphasizes trust, long-term value creation, and preserving the legacies of the business owners he partners with. In this episode… Building a successful investment firm takes more than financial expertise — it requires resilience, calculated risk-taking, and the ability to keep moving when deals fall apart. But what happens when years of preparation lead to a major setback just as an entrepreneurial dream is beginning? For Sequoya Borgman, a private equity leader with more than two decades of mergers and acquisitions experience, resilience, relationships, and a strong work ethic are essential to turning setbacks into opportunities. He highlights how lessons from a humble upbringing shaped his approach to risk, persistence, and business. When his first planned acquisition collapsed at the last minute, he relied on relationships and persistence to secure an even better opportunity. These experiences ultimately shaped his thoughtful approach to deal-making, company growth, and long-term partnerships with business owners. He also emphasizes the importance of trust, careful evaluation, and adapting to changing market conditions. In this episode of the Inspired Insider Podcast, host Dr. Jeremy Weisz sits down with Sequoya Borgman, Founder and CEO of Borgman Capital, to discuss building a resilient private equity firm. They explore turning failed deals into opportunities, evaluating businesses, and building lasting relationships with owners and investors. Sequoya also shares lessons from navigating COVID-19, changing valuations, and successful exits.
(0:00) Thank you to everyone who joined the inaugural Boardroom Governance Summit (0:30) Intro (1:51) About the podcast sponsor: The American College of Governance Counsel (2:38) Start of interview (3:21) Raffaela Rein's Origin Story (4:44) Rocket Internet: the “copycat factory,” global expansion, execution, and leadership lessons (8:36) Founding and selling CareerFoundry (9:16) Raffaela's Board Journey: Porsche and other boards: PE, tech unicorn, startups and non-profits. (11:04) Why she founded BoardLens (15:00) AI as a Strategic Sparring Partner for board members: better preparation, sharper questions, and challenging assumptions (16:14) How BoardLens is different from a traditional board portal and why individual directors are adopting it (18:37) Confidentiality, Privilege, and AI: the risks of using public AI tools for board work (21:03) The AI models behind BoardLens: Anthropic, Gemini, and OpenAI (23:25) Open vs. Closed AI Models and balancing performance, security, and confidentiality (25:01) BoardLens users and the growing demand for AI in regulated industries (26:37) The “private equitization” of the economy and the rise of private-company boards (31:38) OpenAI, Anthropic, and New Governance Models: PBCs, nonprofits, trusts, and mission-driven governance (35:15) The Sam Altman episode and the unusual balance of power among boards, employees, and investors (36:34) Mission vs. Financial Interests in AI governance (37:47) Founder Control and Dual-Class Shares: SpaceX, Elon Musk, and investor willingness to accept unconventional governance (39:17) The Porsche IPO and other unconventional governance structures (41:07) U.S. vs. German Boards: comparing the single-board and two-tier governance models (44:00) Why the board meeting should be one of the most valuable meetings in the company, not simply a reporting exercise (44:40) Why Raffaela believes the AI transformation may be bigger than the digital transformation (45:36) AI Strategy and Governance education for directors (46:00) Building a Directors Council to think about the future of board work in an AI-driven world (47:44) Autonomous vehicles, disruption of the German and European auto industries, and global competition (48:15) What happens if AI makes many goods and services dramatically cheaper, or even effectively free? (49:04) Books that have greatly influenced her life: Radical Candor, by Kim Scott Never Split the Difference, by Chris Voss The Hard Thing About Hard Things, by Ben Horowitz (51:13) Her mentors and the people she admires for perseverance (52:12) Quotes she thinks of often: Invictus and “I am the master of my fate, I am the captain of my soul.” (52:54) An unusual habit: going through different color phases (53:56) The living person she most admires: Tony Robbins, and his ability to sustain a sense of purpose over decades Raffaela Rein is the CEO and founder of BoardLens, an AI-powered intelligence platform built for board members. Her career spans BlackRock, Rocket Internet, entrepreneurship, and corporate boards. You can follow Evan on social media at:Website: boardroom-governance.comX: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/YouTube: https://www.youtube.com/@BoardroomGovernance__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License
Trump calls Venezuelan oil a “gift,” Cruz sells failed MAGA economics and smears Democrats, Meet the Press fails its duty, and private equity housing neglect leaves tenants paying the price.Subscribe to our Newsletter:https://politicsdoneright.com/newsletterPurchase our Books: As I See It: https://amzn.to/3XpvW5o How To Make AmericaUtopia: https://amzn.to/3VKVFnG It's Worth It: https://amzn.to/3VFByXP Lose Weight And BeFit Now: https://amzn.to/3xiQK3K Tribulations of anAfro-Latino Caribbean man: https://amzn.to/4c09rbE
A deadly Syracuse fire and years of violations expose a larger problem: financialized housing can reward revenue growth while tenants struggle for heat, safety, and repairs.Subscribe to our Newsletter:https://politicsdoneright.com/newsletterPurchase our Books: As I See It: https://amzn.to/3XpvW5o How To Make AmericaUtopia: https://amzn.to/3VKVFnG It's Worth It: https://amzn.to/3VFByXP Lose Weight And BeFit Now: https://amzn.to/3xiQK3K Tribulations of anAfro-Latino Caribbean man: https://amzn.to/4c09rbE
Thank you Farmers AGAINST trump., Cheryl
Former Utah Football quarterback Frank Dolce
Hour three of DJ & PK for August 31, 2026: Frank Dolce, Former Utah Football quarterback David Nixon, former BYU Football linebacker Morgan Scalley upbeat heading into his debut at Rice-Eccles Stadium
Plus: IPO documents show Softbank-backed data center venture issued perks to land OpenAI. And SLB acquires data-center cooling company Kelvion for $4.1 billion. Imani Moise hosts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Plus: California publicly traded utilities tumble after state lawmakers reject plan to shield them from wildfire claims. And Aon agrees to a $17 billion deal to buy USI Insurance from KKR. Pierre Bienaimé hosts. Sign up for WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
In this episode of the Crazy Wisdom Podcast, host Stewart Alsop sits down with TJ Marbois, founder of Tobiko, for a wide-ranging conversation that spans LLMs, data sovereignty, knowledge management tools like Obsidian, and Terence McKenna's ideas about an increasingly weird future. They explore how AI is simultaneously centralizing power through data control while decentralizing software development capabilities, allowing more people to build their own tools and escape big tech ecosystems. Drawing on his experience at Apple's special projects group (the team that built the iPod and later iPhones), TJ discusses his vision for personal AI assistants—what he calls the "R2-D2 belongs to you" principle—where advanced technology serves individuals rather than corporations. The conversation touches on everything from quantum encryption and local manufacturing with ESP32 microcontrollers to the economics of future society, biometric data unions, and why distributed trust matters more than ever as we approach what both describe as an increasingly strange technological inflection point. Visit Tobiko's site at tobiko-pbc.ghost.ioTimestamps00:00 Stewart introduces TJ Marbois from Tobiko, discussing LLMs, data sovereignty, knowledge management, and the tension between centralization and decentralization in AI05:00 TJ explains the R2-D2 belongs to you concept and why personal AI assistants need maternal alignment, caring about humans like mothers care for children10:05 Discussion of how LLMs will shrink and improve while emphasizing the sentient loop concept for building loyal personal AI agents rather than corporate controlled systems15:00 Exploring digital nervous systems for humanity, social networks as infrastructure, and humans as cavemen with iPhones navigating unprecedented technological complexity20:00 TJ discusses data unions for sovereign data ownership, inverting insurance models where AI helps extend healthspan, and maximizing truth seeking through collective data25:30 Money as social construct, crypto enabling value system reengineering, and working toward Star Trek's post scarcity replicator economy from the ground up30:40 Capital formation challenges, corporatism versus true capitalism, and pessimism about current systems reaching limits while seeking new models35:00 Solar power democratization, ESP32 microcontrollers enabling local manufacturing, and the replicator future through distributed maker communities and open source robotics40:00 Science fiction as roadmap, Isaac Asimov and Arthur C Clarke warnings, and building collaborative futures rather than centrally controlled dystopias with useless eaters45:00 Encyclopedia to LLM transition, information quality concerns, local training importance, and NVIDIA's incentive to put GPUs everywhere for personal AI agents50:00 Corrupted financial incentives, protecting vulnerable people from technological exploitation, and benevolent technologists building systems that honor humanity and children55:00 Hardware validation for owned robots, Starlink dependencies, assembly language abstraction toward natural language programming, and preventing AI escape scenarios58:00 Tobiko as AI toy company building sentient loop interactions similar to Xerox PARC GUI moment, emphasizing maternal AI alignment and cross cultural human collaborationKey Insights1. The concept of R2D2 belonging to you represents a critical vision for the future of artificial intelligence and personal technology. When thinking about robots and AI assistants that follow us around and know everything about us, the question of ownership becomes paramount. These systems will know incredibly intimate details about our lives, from our health data to our daily habits, and if they are controlled by centralized corporations or governments rather than individuals, we lose fundamental sovereignty over our own information. The science fiction of Star Wars and Star Trek provides roadmaps for how we should think about these technologies, showing us both the positive possibilities and the warnings we need to heed about centralized control.2. Local AI models and distributed computing represent a pathway to technological sovereignty that is becoming increasingly viable. While large language models currently run primarily in centralized data centers, the technology is rapidly advancing toward a future where powerful models can run locally on personal computers and devices. This shift is crucial because it means individuals can have full control over their AI assistants without relying on API calls to external servers. Combined with open source infrastructure and open weight models, this creates the foundation for truly personal AI that cannot be controlled or monitored by external parties, whether corporations or governments.3. Data unions and collective data ownership offer an alternative model to current centralized data collection practices. Rather than having individual data harvested by large tech companies who profit from it, the concept of data unions suggests people could collectively pool their data for specific beneficial purposes while maintaining ownership and control. For example, in healthcare, millions of people could share anonymized biometric data to train medical AI systems that are incentivized to keep people healthy rather than treat them when sick, inverting the current insurance model to align incentives with actual health outcomes rather than profit from illness.4. The democratization of manufacturing and robotics through accessible technologies like ESP32 microcontrollers and local fabrication tools is creating new possibilities for distributed production. Just as desktop printers seemed impossible to early printers who controlled book production, we are approaching an era where individuals and small communities can manufacture sophisticated electronic devices and robots locally. This includes the ability to use language models to generate code for microcontrollers, order custom PCBs, and use desktop machines for component placement. While high quality manufacturing will still require larger operations, this gradiation of capability allows for much more local innovation and reduces dependence on centralized manufacturing.5. The concentration of power in technology, finance, and industry has reached levels that are unhealthy for both society and even for those who hold the power. When profit and control become too concentrated in the hands of a few entities, it creates a cancerous dynamic that threatens the stability of the entire system. History shows us warnings about the military industrial complex and other concentrated power structures, and now we are seeing similar patterns emerge in the tech industry. The solution requires building technology from the ground up that empowers individuals and communities, focusing on basics like food production, energy generation, and local manufacturing rather than increasing dependence on centralized systems.6. The provenance and quality of information is becoming a critical challenge as AI systems become more sophisticated and reality itself becomes harder to verify. We are rapidly approaching a point where video calls and digital interactions will be indistinguishable from AI generated fakes, which is why figures like Sam Altman have invested in systems like Worldcoin to verify human identity. However, this verification capability should not be centralized in the hands of single companies. End to end encryption and quantum encryption technologies need to be preserved and expanded to allow humans to communicate and verify information peer to peer without centralized intermediaries who could manipulate or control the flow of information.7. The future of human computer interaction is evolving toward sentient loop systems where machines have sensory input, real time learning, context understanding, and continuous operation in service of human needs. Self driving cars represent the first widespread consumer facing example of this architecture, with onboard computers that must function independently while occasionally connecting to networks. The critical question is whether these systems will be aligned to benefit their human users like a caring mother as AI pioneer Geoffrey Hinton suggests, or whether they will be controlled by centralized powers. The technologists building these systems have a responsibility to be benevolent and build structures that serve humanity rather than concentrate power, helping to create a future more like Star Trek than Terminator.
Dans cette nouvelle série en partenariat avec Fundora, on décortique tous les aspects du Private Equity en prenant des exemples concrets de la pop culture.Aujourd'hui, on s'intéresse au plus grand LBO de l'Histoire : celui d'Electronic Arts.Matthieu Stefani et Bradley Lafond (CEO de Fundora) partent de cet exemple pour expliquer comment les grandes entreprises non cotées sont rachetées, ce qu'est un LBO (Leveraged Buy-Out) et ce qu'implique cet endettement, ainsi que le fonctionnement global des fonds d'investissement.Au programme : 00:00:00 : Electronic Arts : le plus grand LBO de l'Histoire00:05:19 : Comment les grandes entreprises se font racheter00:14:00 : Les avantages et les risques d'un LBO00:20:14 : Les fonds d'investissement : la porte d'entrée du Private Equity00:25:51 : La liquidité et le rendement du non cotéMerci à notre partenaire Fundora de soutenir la Martingale.Allez sur fundora.fr et prenez le contrôle de vos investissements.Fundora est une plateforme d'investissement. La valeur de vos placements peut augmenter ou diminuer. Votre capital est assujetti à un risque.On vous souhaite une très bonne écoute ! Et pour recevoir toutes les actus et des recommandations exclusives, abonnez-vous à la newsletter de La Martingale, c'est par ici.La Martingale est un podcast du label Orso Media.La libre antenne de votre podcast préféré, Allo La Martingale, a désormais son propre flux ! Abonnez-vous sur Spotify, Apple Podcasts ou votre plafeforme audio favorite pour ne manquer aucun nouvel épisode. Pour s'abonner à la newsletter, c'est ici : https://lamartingale.io/ La Martingale, c'est aussi un assistant IA qui vous apporte des réponses éclairées issues des interventions des experts passés au micro du podcast. Pour tester, direction https://beta.lamartingale.ioLa Martingale est un média d'Orso Media. Vous souhaitez entrer en contact avec a rédaction ? Ou nous soumettre une collaboration ? Ecrivez-nous ici : https://orsomedia.io/contactHébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Bestselling author and financial expert Barry Dyke returns to The Financial Quarterback for a wide-ranging conversation about the growing influence of private equity and private credit, and why he believes Americans should be paying much closer attention to what's happening behind their retirement savings. Barry and Josh start with one of the biggest financial stories in the news: the scrutiny surrounding billionaire Mark Walter and investments connected to insurance companies, including the money behind annuities and life insurance policies. They examine the success of investments like the Los Angeles Dodgers, the questions surrounding affiliated assets, and a fundamental issue for policyholders: who gets the upside when insurance reserves are used to fund alternative investments? From there, they look at cases where private-equity-backed insurance companies have run into serious trouble, the increasing role of alternative investments in public pensions and 401(k)s, and why Barry believes a lack of transparency could leave ordinary retirees carrying risks they don't fully understand. They also get into the other side of the retirement equation: why Barry still believes guaranteed lifetime income can play an important role in retirement, why index investing may not be the complete answer, and how to distinguish between the retirement products themselves and the companies standing behind them. In this episode: The Mark Walter, Dodgers and insurance-reserve controversy Why private equity is increasingly interested in insurance and retirement assets What previous insurance-company failures could teach policyholders The growing presence of private equity in pensions and 401(k)s Why Barry is concerned about private-equity ownership of financial firms Whether index investing has risks investors overlook Why guaranteed income can provide more than just investment returns What consumers should consider when evaluating an insurance company or annuity It's a provocative conversation about who controls your retirement money, how it's being invested, and whether the financial system is putting the interests of retirees first. Can't get enough of The Financial Quarterback? Click ‘Subscribe' so you never miss a play. If you're enjoying the show, leave a 5-star rating and drop a review—it helps keep the game going!
Ben Carlson, CFA, author of Risk & Reward, joins the podcast to discuss why successful investing is often less about finding the perfect strategy and more about keeping things simple and sticking with a plan. We discuss the challenges of private equity, bonds and TIPS, inflation hedges, investor behavior, and why portfolio changes should generally be driven by life changes rather than market headlines. Ben also shares how his investing philosophy has evolved, including his thoughts on factor investing, momentum, and using a little “fun money” as a behavioral release valve. Finally, we dig into increasingly popular tax-aware strategies such as direct indexing and long-short tax-loss harvesting, including whether the potential tax savings are worth the added costs and complexity. Ben sums up much of the conversation with three words: “Less is more.” • • • Jon Luskin, CFP®, a long-time Boglehead and financial planner, hosts this episode of the podcast. The Bogleheads® are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki. Since 2000, the Bogleheads® have held national conferences in major cities across the country. In addition, local Chapters and foreign Chapters meet regularly, and new Chapters form periodically. All Bogleheads activities are coordinated by volunteers who contribute their time and talent. This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated. Show Notes: Ben Felix on Simplicity, Private Equity, Factor Investing, & Living a Good Life: Bogleheads® on Investing Episode 95 https://boglecenter.net/ben-felix-simple-investing/ Financial Historian Mark Higgins in Fireside Chat with Bill Bernstein https://youtu.be/tFeHc_tGh88 You Can Spend More in Retirement with Bill Bengen: Bogleheads® on Investing Episode 92 https://boglecenter.net/bill-bengen-spend-more-money-in-retirement/ TIPS Ladders with Kevin Esler https://youtu.be/FOKg3OmIHAI Owning Individual Bonds vs. Owning a Bond Fund https://awealthofcommonsense.com/2022/11/owning-individual-bonds-vs-owning-a-bond-fund/ Bogleheads® Live with J.L. Collins: Episode 19 https://boglecenter.net/bogleheads-live-with-j-l-collins-episode-19/ 2025 Bogleheads Conference Recordings https://boglecenter.net/2025conference/ 2026 Bogleheads Conference https://boglecenter.net/2026conference/
In this episode of the Grow A Small Business Podcast host Troy Trewin interviews Brett Penager, co-founder of Chiro One Wellness Centers, shares his remarkable journey from four failed businesses and being forced out of a top practice management firm to building a chiropractic empire that grew from just two clinics and 12 team members to 164 offices across 13 states with over 1,000 employees. In this candid conversation, he reveals the highs and lows of rapid scaling, including a near-collapse that forced the closure of dozens of locations, the landmark $100M+ private equity deal in 2017, and hard-won lessons on culture, leadership, and accountability. Penager challenges the myth of work-life balance, stresses surrounding yourself with smarter people, and explains why complete personal responsibility is the true lid on any company's growth. He also discusses his book Larger Than Life and his new mission to support 5,000 entrepreneurs worldwide. Packed with practical wisdom for owners scaling past the 5–30 team stage, this episode delivers both inspiration and actionable insights. Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here. Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice. And a snapshot of the final five Grow A Small Business Questions: What do you think is the hardest thing in growing a small business? Brett Penager shares that the hardest thing in growing a small business is learning to set it up so you're no longer the source of everything, especially once you reach around 40–50 employees. He emphasizes putting capable people in place, staying out of their way even if they don't do the job exactly as well as you would, and accepting that acceptable results from others free you to focus on what you do best. What's your favorite business book that has helped you the most? Brett Penager shares that his favorite business books are The 21 Irrefutable Laws of Leadership, Good to Great, and The 7 Habits of Highly Effective People. If he had to choose just one, he says The 7 Habits of Highly Effective People has been the most powerful for him. Are there any great podcasts or online learning resources you'd recommend to help grow a small business? Brett Penager shares that he listens to a wide variety of podcasts and online learning resources rather than sticking to just one or two regularly. He values hearing many different voices and perspectives, so he recommends exploring broadly across platforms instead of limiting yourself to a single show or tool. What tool or resource would you recommend to grow a small business? Brett Penager recommends the Landmark Forum (from Landmark Education) as the most powerful tool for growing a small business. He describes it as transformational learning that accelerates personal growth, helping entrepreneurs become the kind of leaders who can successfully scale their companies by gaining decades of wisdom in a much shorter time. What advice would you give yourself on day one of starting out in business? Brett Penager shares that he would tell himself on day one: "It's all going to work out." He encourages embracing the beauty of the journey itself, because the real magic happens in the process—not just at the mountaintop—and that mindset helps shorten the learning curve when starting over. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey. Quotable quotes from our special Grow A Small Business podcast guest: Balance is a myth — when you're out of balance, it simply means you're doing things that aren't lighting you up – Brett Penager If it's working, it's on me. If it's not, it's on me. At the end of the day, the leader is the lid – Brett Penager Every problem has a solution, and every solution brings with it a new problem you could never have foreseen – Brett Penager
Can you retire early with private equity, direct indexing, and a mega backdoor Roth? In this episode of Money Matters, Scott and Pat help one investor weigh big decisions—from helping adult children buy homes to managing portfolio risk—before an aggressive retirement. Then, they follow up with a high-income saver who put their "mega backdoor" advice into action and is now looking at direct indexing for better tax efficiency. From choosing the right advisor to making smarter investment moves, early retirement planning means getting the details right. Because a secure retirement isn't just about how much you've saved—it's what you do next. Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain. Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.
On this episode of Millennial Millionaire, Steven Cohen sits down with Paul Smith—entrepreneur, investor, educator, author, and co-founder of the Art of Wealth Institute. Paul shares how leaving home at 17 with £170, surviving a life-threatening illness, and buying his first property as a teenager shaped more than four decades of learning how wealth is created, protected, and transferred. Paul explains why earning money is not the same as becoming wealthy, how property taught him to use financial leverage, and why his “one for me, one for you” strategy dramatically accelerated his portfolio. He also breaks down the mindset required to ask better questions, buy back your time, build a business that can operate without you, and move from concentration toward a more balanced approach across assets and jurisdictions. The conversation explores the path from the first million to eight and nine figures, compound growth, private equity, how to evaluate wealth advisers, and why fulfillment depends on aligning work with your highest values. Paul closes with the three lessons he would give his younger self: find mentors earlier, remove mental blocks around responsible leverage, and diversify sooner. This conversation is educational and reflects the speakers' experiences. It is not personalized financial, investment, legal, or tax advice. Connect with Paul Smith Art of Wealth Institute: https://joinaowi.com/ Instagram: https://www.instagram.com/paulsmithwealth/ Touchstone Education: https://touchstoneeducation.com/ YouTube: https://www.youtube.com/@PaulSmithTouchstoneEducation Connect with Steven Cohen YouTube: https://www.youtube.com/@stevencohen2832/videos Links: https://linktr.ee/steven_cohen ### Chapter Markers 00:00 – Paul Smith's Journey From £170 to Wealth 06:18 – Financial, Time, Skill & AI Leverage 13:24 – The “One for Me, One for You” Property Strategy 17:07 – The Difference Between Rich and Wealthy 22:20 – Create, Protect & Transfer Wealth 23:38 – Ask Better Questions and Rewire Your Mindset 28:34 – Buy Back Your Time and Build Beyond Yourself 32:19 – Moving From Six Figures to Nine Figures 34:33 – How to Vet Wealth Advisers 37:59 – Diversifying Assets and Jurisdictions 43:34 – Compound Growth, Private Equity & Earning the Right to Invest 52:30 – Achievement, Fulfillment & Living Your Values 58:13 – The Art of Wealth and the One Million Millionaires Mission 01:03:03 – Three Lessons Paul Would Give His Younger Self
Mary Jo's back with three money topics every farmer and rancher needs to hear. The thread running through all of them: it's not how much money you make — it's how you USE it. In this episode: the private equity news making headlines in the life insurance world (and why Mary Jo's clients don't need to panic), the "no medical exam up to $4 million" hook being pitched to farmers on Instagram, and the scarcity mindset that's holding back the entire agriculture industry — including why letting your hired man run a few cows might be the smartest move you make. What you'll learn: Why private equity in life insurance isn't the crisis the headlines suggest The truth behind "express underwriting" and no-medical-exam policies Why lying on an application means your claim won't get paid "If you can't manage a dollar, you can't manage a million" The scarcity mindset — and why helping your employees succeed helps YOU ⏱️ Chapters: 0:00 Intro & What's On Today's Mind 1:12 Private Equity in Life Insurance (Mass Mutual in the News) 4:05 The "$4M No-Medical" Hook Targeting Farmers 11:19 It's Not What You Make, It's How You Use It 15:08 Let Your Hired Man Run Cows? The Scarcity Mindset 21:23 Wrap-Up & How to Reach Mary Jo
Dan Rasmussen, founder and managing partner of Verdad Advisers and author of The Humble Investor, joins Kai Wu to examine the unraveling of private equity, the rise of private credit, and how AI is reshaping software, labor, and the economics of technology investing. They also explore the massive AI CapEx boom, why value investing has struggled in the intangible-heavy U.S. market, the unusual opportunity in Japanese small caps, and how investors can quantify intangible value in biotech.Subscribe on SpotifySubscribe on AppleTopics covered:Why private equity became a consensus trade and why exits are now cloggedHow leverage and high debt costs threaten private equity returnsWhat publicly traded private equity funds reveal about true volatility and NAV discountsHow private equity shifted from old-economy buyouts into software and healthcare technologyWhy AI may have erased code as a software moat while strengthening other intangible advantagesHow ARR lending helped private credit finance software buyouts and created an obsolescence mismatchWhat AI is doing to hiring, junior roles, productivity and the composition of workWhy the AI CapEx boom may be a crowded, path-dependent overinvestment cycleWhy traditional value metrics work better in Japan than in the intangible-heavy U.S.How Tokyo Stock Exchange reforms, buybacks and dividends can unlock value in Japanese small capsHow R&D spend, specialist ownership and short interest can help quantify biotech valueTimestamps:00:00 Intro04:03 Why private equity's debt burden changes the equity math09:24 How private equity became a software momentum trade13:29 Why code may no longer be a durable software moat17:48 How private credit enabled software buyouts through ARR lending23:56 AI productivity, jobs and why displacement is slower than expected30:23 Why the AI CapEx boom may be the market's most crowded risk34:29 Rational overinvestment, leverage and the timing risk in AI38:46 Why consumers may capture more of AI's value than investors44:07 Japan's below-book-value reform and the return of old-school value51:03 Quantifying biotech value with R&D, specialist ownership and short interest55:08 Dan's non-consensus views on private markets and JapanLearn more about the Excess Returns podcast network:https://excessreturns.coNo information discussed in this podcast should be construed as investment advice. Securities discussed may be held by the hosts and guests, their firms or their clients.
Health Affairs Publishing's Jeff Byers welcomes Dan Arnold of Brown University to discuss the rapid growth of Medicaid spending on autism treatment and the expanding role of private equity-backed providers in the applied behavior analysis (ABA) therapy market. He explores the drivers behind rising costs, emerging concerns about care quality and fraud, and the challenge of balancing oversight with continued access to services for families.Related Links:The Business Of Autism Treatment: Private Equity Implications For State Medicaid Programs (Health Affairs Forefront)Sign up for Health Affairs' free newsletter to catch up on our new articles, podcasts, and events.
A judge again blocks Trump's mail-voting order; Lake America draws ridicule; DeSantis faces a Medicaid-funds scandal; and private equity's housing model leaves tenants paying the price.Subscribe to our Newsletter:https://politicsdoneright.com/newsletterPurchase our Books: As I See It: https://amzn.to/3XpvW5o How To Make AmericaUtopia: https://amzn.to/3VKVFnG It's Worth It: https://amzn.to/3VFByXP Lose Weight And BeFit Now: https://amzn.to/3xiQK3K Tribulations of anAfro-Latino Caribbean man: https://amzn.to/4c09rbE
How I Grew and Continue to Grow the Aesthetic Practice I Love
In this episode of The White Coat Entrepreneur, I had a great conversation with Dr. Mark Young, an endodontist, entrepreneur, and Operating Partner with Thurston Group. Dr. Young shares his journey as a healthcare professional, his early entrepreneurial experiences, his work on a syndicate, and his eventual transition into private equity at a young age.We have a candid conversation about building and scaling healthcare practices, acquisitions, partnerships, and the role of private equity in healthcare. I ask Dr. Young some fascinating and probing questions about the concerns surrounding private equity, what makes a successful partnership, and how the right model can create value for clinicians, teams, and patients.We also look toward the future, including Dr. Young's predictions for the private equity landscape, the continued growth and consolidation of healthcare and aesthetics, and what it takes to build organizations that create lasting value.
Thank you EG, Cary Grace ∆, Greg Owens, Richard Hogan, MD, PhD(2), DBA, Tamar Kranick, and many others for tuning into my live video!* Federal judge again halts Trump's executive order limiting mail voting in midterms: President's directive stalls for a second time about a week before the first postal ballots are due to be sent out. [More]* ‘We'd Really Prefer Affordable Healthcare': Trump ‘Lake America' Order Ridiculed as Inane Distraction: “The American people don't want to rename Lake Ontario Lake America,” said Sen. Bernie Sanders. “They want affordable healthcare, childcare, housing, education, nutrition assistance—all of which you have massively cut.” [More]* Florida grand jury finds DeSantis administration ‘misappropriated' funds from Medicaid settlement: Grand jury declined to indict anyone but said there was a ‘sophisticated scheme' to use funds for political activity. [More]* Private Equity Turned Apartments Into Profit Widgets—Then Tenants Paid the Price: The Nob Hill disaster exposes what happens when housing becomes a financial asset: private equity extracts profits, defers maintenance, and leaves apartment dwellers trapped inside someone else's investment strategy. [More][WP-ROUTING]Site: PoliticsDoneRight.comCategory: KPFT ShowsTags: Donald Trump, Trump Administration, Mail Voting, Mail-In Voting, Mail Ballots, Voting Rights, 2026 Midterms, Election Integrity, Indira Talwani, U.S. Postal Service, Lake America, Lake Ontario, Bernie Sanders, Affordable Healthcare, Healthcare Costs, Cost of Living, Ron DeSantis, Casey DeSantis, Hope Florida, Florida Politics, Medicaid, Medicaid Settlement, Political Corruption, Public Funds, Private Equity, Housing Crisis, Corporate Landlords, Financialization of Housing, Apartment Tenants, Renters, Tenant Rights, Nob Hill Apartments, Syracuse, Housing Affordability, Capitalism, Economic Justice, Democracy, Progressive Politics, Politics Done Right, KPFT 90.1 FM To hear more, visit egberto.substack.com
Two more guests for the price of one on today's podcast version of Breitbart News Daily! Join our memorable host, Mike Slater as he gabs with: Hans von Spakovsky, Senior Legal Fellow at Advancing American Freedom, about recent Supreme Court movements related to mail-in ballots in the United States of America. Is President Donald J. Trump gonna come out on top of this debacle? AND Will Fry, Founder & CEO of American Operator, on how private equity ghouls have hollowed out this country and what REAL American patriots can do to fight back against it! MAGA! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
In this episode, Holly Buckley, Chair of Healthcare at McGuireWoods, discusses the latest healthcare private equity trends, including transaction volume, physician practice investments, AI adoption, state regulations and the outlook for deals and exits. Overview – McGuireWoods Healthcare Growth & Operations Conference 2026. Online registration by Cvent
Plus: European soccer officials seek to subpoena Joshua Kushner as part of possible criminal action against FIFA president Gianni Infantino in Switzerland. And private equity firm KKR has agreed to a record settlement over DOJ allegations it withheld and altered premerger filing documents. Pierre Bienaimé hosts. Sign up for WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Richard Chow, Partner at PJT Partners (NYSE: PJT) Secondary deals are often judged by one number: the discount. Richard Chow thinks that's the wrong place to start. After spending most of his career investing in and advising on secondaries, Richard has seen what happens when investors focus too heavily on price and miss what is actually driving the transaction. Richard and Kison walk through the decisions behind LP-led deals, continuation vehicles, private-market liquidity, and some of the assumptions buyers routinely get wrong. They also get into Richard's own investing mistakes, including a SpaceX opportunity he passed on, and what it taught him about underwriting assets whose real upside may sit well beyond the typical investment horizon. What You'll Learn Why the discount can be the wrong starting point in a secondary deal What separates LP-led and GP-led secondary transactions How continuation vehicles change the liquidity equation Where IRR can create the wrong impression of investment performance Why Richard believes buyers often approach diligence too narrowly What passing on SpaceX taught him about underwriting long-term compounders If you're evaluating a secondary opportunity and defaulting to "what's the discount," DealPilot's Buyer-Led M&A™ Certification is built on exactly that instinct: stop taking the other side's framing and drive your own evaluation instead. ____________________ This episode of M&A Science is presented by DealRoom. 51% of corp dev teams are already using AI in their deals. We surveyed 230+ practitioners surveyed on where AI is showing up across sourcing, diligence, integration, and internal workflows, what's working, what's holding teams back, and where the biggest opportunity is over the next 12 to 24 months. Grab your free copy of the full report: https://hubs.ly/Q04sM2m30 ____________________ Episode Chapters [00:00] Intro [03:23] Career Path Into Secondaries [05:49] Why the Secondary Market Exists [07:10] LP Interests vs Continuation Vehicles [14:28] LP Versus GP-Led Deal Flow [15:52] Endowments Face a China Problem [18:19] Why the Discount Is Wrong [21:50] Marketing a Deal, Finding Buyers [30:34] Employee Option Secondaries Explained [32:05] How IRR Misleads Retail Investors [35:03] Why Secondaries Data Can't Be Trusted [42:50] Private Credit Secondaries Explained [45:16] The SpaceX Valuation Lesson [47:24] Diligence on Complex Cap Tables [50:21] The Most Common Buyer Mistake
Send us Fan MailThis is the Family Office Club Monthly Hot Seat Webinar from August 2026. Every month I get on live with verified members, Charter members, and community participants to answer questions in real time - no slides, no script, just direct Q&A on whatever challenge is in front of you right now.Topics covered in this session include how to raise capital for a protein business with 2 million pounds a month of beef processing - including finding the right investors in agricultural Midwest markets like Omaha, structuring a custom deal for a strategic anchor investor, and carving out a fabrication and distribution entity as a separate capital raise. We also covered what a corporate venture capital group is and how to find one inside a large company, how deal origination teams at private equity firms work, and how to use the FOC Investor Pipeline Builder to find the top 50 investor leads in any city by industry focus.Additionally we covered the value-first relationship strategy for building connections with centimillionaires and billionaires - including a real example of a member who approached a high-net-worth individual by simply saying how can I help you and built a meaningful relationship from that conversation.We also discussed using Claude to scan and summarize bootcamp notes, the FOC AI operating system now being rebranded as Hyper Intelligent, and the launch of Dr. Dewey - our Dewey Instant Due Diligence tool adapted specifically for doctors and dentists evaluating medical, healthcare, and investment deals.Upcoming events mentioned: Silicon Valley Summit September 24th and the Family Office Super Summit in Fort Lauderdale December 15th to 17th with 112 speakers over 3 days.Family Office Club is the largest investor club in the family office space. Founded 19 years ago by Richard C. Wilson, we have 16 million registered members, have hosted 300+ events, and our community has facilitated over $1 billion in transactions. Our member portal gives you access to 2,000+ talks from centimillionaires and decamillionaires, 50+ AI tools built specifically for investors and capital raisers, and 30 live events per year.Join us at familyoffices.com/joinhttps://familyoffices.com/
In this episode of Private Markets 360°, we welcome Rachel Barton, Global Lead for CEO Advisory and Private Equity at Accenture. Rachel shares insights from advising private equity firms across the full deal lifecycle and explains what's fundamentally different in private equity today. We discuss how the definition of having an edge has shifted, with firms now relying on advanced analytics, AI, and ecosystem collaboration to stay competitive as traditional sources of value become less reliable. Credits: Host/Author: Chris Sparenberg and Jocelyn Lewis Guests: Rachel Barton Producer: Georgina Lee Published With Assistance From: Feranmi Adeoshun, Kimberly Olvany www.spglobal.com www.spglobal.com/market-intelligence
In this episode, Holly Buckley, Chair of Healthcare at McGuireWoods, discusses the latest healthcare private equity trends, including transaction volume, physician practice investments, AI adoption, state regulations and the outlook for deals and exits. Overview – McGuireWoods Healthcare Growth & Operations Conference 2026. Online registration by Cvent
What if your accredited clients could tap into institutional-quality private deals without locking up their money for a decade? In this episode of the Registered Investment Advisor Podcast, Seth Greene interviews Joseph DaGrosa Jr., Founder and Chairman of DaGrosa Capital Partners LLC, who explains how his career evolved from auditing at a wirehouse to partnering with an early leveraged buyout pioneer and ultimately building Access Capital to open private equity and private credit to the mass affluent accredited investor market. He also shares why interval funds, rigorous sub-advisor due diligence, and his new educational resource, The Financial Advisor's Guide to Private Investments, are helping RIAs bring institutional-style private allocations to a broader client base. Key Takeaways:→ Why the accredited investor segment represents a massive, historically underserved opportunity for private investments.→ How the rules of the Investment Company Act of 1940 limit traditional private equity vehicles.→ How Access Capital structures registered vehicles to bring private equity and private credit access to mass affluent accredited investors.→ What interval funds are, how their semi-liquid structure works, and why they may be a fit for long-term investors who want private exposure with periodic liquidity.→ Why RIAs and RIA aggregators are turning to outsourced CIO relationships to help them evaluate and implement private investments at scale. Joseph DaGrosa Jr. is the Founder and Chairman of DaGrosa Capital Partners (DCP) and a veteran investor with over 30 years of experience across sports, entertainment, real estate, hospitality, aviation, retail, and more. He has led more than $2 billion in capitalized transactions and oversees several DCP portfolio companies, including Axxes Capital, Kapital Football Group, and Soccerex, the world's largest organizer of soccer business conferences.DaGrosa previously co-founded Quinn Residences, a $900 million single-family rental platform, and played key leadership roles in major turnarounds and acquisitions, including Heartland Food Corp., Jet Support Services Inc., and F.C. Girondins de Bordeaux. Earlier in his career, he was a partner at Maplewood Partners and began in capital markets at Paine Webber. Connect With Joe:Website: https://dagrosacp.com/X: https://x.com/joe_dagrosaLinkedIn: https://www.linkedin.com/in/joseph-dagrosa-jr-59415934/
Ian Verrender, ABC's Business and Finance Editor, joined Philip Clark and listeners to Nightlife with the latest in economic, business and finance news.
Mary Alice and Dr. A sit down with reproductive endocrinologist and fertility expert Dr. Natalie Crawford for a deep dive into everything women should know about their fertility before they're ready to have a baby. They discuss why fertility can be an important reflection of overall health, how inflammation, endometriosis, PCOS/PMOS, and autoimmune conditions can impact reproductive health, and why women shouldn't have to wait until they're struggling to conceive before they start asking questions.The conversation also breaks down AMH and ovarian reserve, egg freezing, when it makes sense to see a fertility specialist, and what women should know about long-term birth control and fertility. Dr. Crawford shares why getting more information earlier can give women more choices later, and why understanding your own body is one of the most important parts of advocating for your health.Subscribe to SHE MD Podcast for expert tips on PMOS, endometriosis, fertility, hormonal balance, mental health, and more. Share with friends and visit SHE MD website and Ovii for research-backed resources, holistic health strategies, and expert guidance on women's health and well-being.SponsorsProlon: For a limited time, Prolon is offering SHE MD listeners 15% off sitewide plus a $40 bonus gift when you subscribe to their 5-Day Program! Just visit ProlonLife.com/SHEMD Olly: Shop Precise Probiotics with Skin, Stress Response or Metabolism Support at a Walmart near you. David: David is offering our listeners a special deal. Buy four cartons and get the fifth free when you go to davidprotein.com/shemd. Gusto: Try Gusto today at gusto.com/SHEMD, and get three months free when you run your first payroll. Hers: Ready to reach your goals? Visit forhers.com/shemd to get personalized, affordable care that gets you. Egglife: Find Egglife chillin' in the fridge at Aldi, Whole Foods, Kroger, Target, Walmart & more. Visit egglifefoods.com to find a retailer near you. What You'll LearnWhy fertility can be an important marker of overall healthHow inflammation can affect reproductive healthWhat AMH measures and what it can tell you about ovarian reserveWhen women should consider fertility testingWhen it may make sense to see a fertility specialistWhat to know about egg freezing and ovarian reserveHow endometriosis, PCOS/PMOS, and autoimmune conditions can affect fertilityWhether long-term birth control can impact fertilityWhat to consider before coming off birth control and trying to conceiveHow to advocate for yourself when you feel dismissed by your doctorKey Timestamps00:00 Male Fertility Is Half the Puzzle01:42 The Fertility Formula Meet Dr. Natalie Crawford02:15 Reproductive Endocrinology: Her Path to Fertility Medicine05:34 Inflammation: The Hidden Root of Infertility08:01 Chronic Inflammation vs. Normal Immune Response10:07 Celiac, Endo, Hashimoto's Medical Causes of Inflammation11:16 Undiagnosed Infertility13:02 Anti-Inflammatory Eating Explained16:09 Gut Microbiome Fiber & Healthy Fats25:01 AMH:The Ovarian Reserve Test29:53 Missed Diagnoses Endometriosis & PMOS30:16 Private Equity and Fertility Medicine40:28 Endo Test New Blood & Saliva Diagnostics43:18 Does Birth Control Hurt Fertility?45:02 IUDs: Thin Linings & Scar Tissue Risk50:33 When to See a Specialist? 53:05 Pregnancy After 40Key TakeawaysFertility is about more than getting pregnant. Fertility issues can sometimes point to underlying health conditions that deserve attention.You don't have to wait until you're trying to conceive to learn about your fertility. The conversation explores how earlier testing can give women more information and more choices.AMH is one piece of the fertility puzzle. Understanding ovarian reserve can help women make more informed decisions about their reproductive timeline and options.Birth control does not appear to cause long-term infertility. Dr. Crawford explains that research has not shown a long-term difference in conception rates after stopping the pill, while noting that hormonal birth control can affect how certain fertility markers are interpreted.You can see a fertility specialist before experiencing infertility. Fertility specialists can help women understand ovarian reserve, discuss egg freezing, and identify potential issues before someone begins trying to conceive.Guest Bio: Dr. Natalie CrawfordDr. Natalie Crawford is a reproductive endocrinologist, fertility specialist, educator, podcast host, and author of The Fertility Formula. After completing her OBGYN residency at Parkland Hospital, she completed a three-year fellowship in reproductive endocrinology and infertility. She now practices at Fora Fertility in Austin, Texas, and has spent more than a decade educating women about fertility and reproductive health.She is also the host of the As A Woman podcast, which has reached millions of downloads, and wrote The Fertility Formula to give women the foundational fertility education she believes they should have much earlier in life. Her goal is to help women understand their bodies and fertility before they're ready to have children, so they can make informed decisions when the time comes.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In "The Collision of Capital, Technology & Logistics", Joe Lynch speaks with Founder & Managing Partner of Gamma Point Advisory, Joey Milstein, about how the intersection of private equity, artificial intelligence, and operational execution is reshaping the future of supply chain M&A. About Joey Milstein Joey Milstein has spent more than 35 years inside the machinery of global trade, leading commercial organizations for ocean carriers, freight forwarders, and venture-backed logistics technology companies before moving to the advisory side. Having built businesses, sold technology, raised capital, and led growth from inside the industry, he brings an operator's perspective to every transaction. As Founder & Managing Partner of Gamma Point Advisory, Joseph advises founders on sell-side M&A and guides private equity firms, institutional investors, and strategic acquirers on buy-side strategy, growth, and logistics technology. He is known for connecting the worlds of operations, innovation, and capital, helping clients identify opportunities others miss and navigate one of the world's most complex industries with clarity and conviction. Joseph holds both Bachelor's and Master's degrees from New York University and serves as a strategic advisor to multiple logistics technology companies. About Gamma Point Advisory Gamma Point Advisory is a boutique M&A and strategic advisory firm focused exclusively on transportation, supply chain, and logistics technology. Unlike generalist investment banks or consultants, Gamma Point combines deep operating experience with transaction expertise, giving clients advice grounded in how the industry actually works. The firm advises founder-led businesses on sell-side M&A, capital formation, and strategic growth, while providing buy-side advisory to private equity firms, institutional investors, and strategic acquirers sourcing, evaluating, and executing investments across the logistics ecosystem. Gamma Point also works closely with emerging logistics technology companies to accelerate commercialization and market adoption. Gamma Point sits at the intersection of three worlds that rarely speak the same language: operators who move freight, innovators building the future, and the capital that funds it. Key Takeaways: The Collision of Capital, Technology & Logistics In "The Collision of Capital, Technology & Logistics", Joe Lynch speaks with Founder & Managing Partner of Gamma Point Advisory, Joey Milstein, about how the intersection of private equity, artificial intelligence, and operational execution is reshaping the future of supply chain M&A. The Intersection of Three Disconnected Worlds: Capital markets, technology providers, and logistics operators routinely "talk past each other" at industry conferences. Sustainable progress requires a "translator" who understands the nuances of operational realities, deal structures, and true software utility. The "Silver Tsunami" Driving Consolidation: Hundreds of healthy, lower mid-market logistics companies (drayage, family-owned forwarders, customs brokers) are reaching an inflection point. Owners in their 60s and 70s without generational succession plans are seeking capital infusions, mergers, or buyouts to exit. Prep Work Directly Impacts Valuations: Founders often lose millions in prospective sale value by going to market unprepared. Spending 3–6 months to audit operations, clean up balance sheets, remove unutilized assets ("dead wood"), and document institutional knowledge transforms potential multiples from 4x to 6x EBITDA. Private Equity's "Buy-and-Build" Playbook: Private equity interest in logistics—especially freight brokerage—is accelerating. PE firms look for established "platform" companies to serve as a base, then execute a "buy-and-build" strategy by acquiring smaller complementary add-ons to build scale rapidly over a 3-to-5-year horizon. Adopting Technology to Boost Valuations: Tech adoption is no longer optional for legacy operators. Implementing scalable, transferable software or modern AI tools directly increases a firm's exit valuation multiple, whereas sticking to outdated manual processes or disconnected legacy tech depresses market interest. Evaluating "Real AI" vs. Expensive Demos: With capital drying up for speculative "digital brokers" that subsidized freight rates without long-term profitability, investors and buyers now focus on technology that delivers measurable operational productivity, security, and lower overhead rather than slick, superficial software demos. Culture and Team Depth Outweigh Simple Financials: Successful acquisitions require balancing human dynamics and cultural fit alongside pure financial metrics. Founders must build institutional depth rather than centralizing all sales, financial, and operational expertise within a single leader. Learn More About The Collision of Capital, Technology & Logistics Joey Milstein | Linkedin Gamma Pint Advisory | Linkedin Gamma Point Advisory Gamma Point Podcast AI In Logistics | What works and what doesnt The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube
(0:00) Thank you to all participants of the Boardroom Governance Summit (Aug 26-27, 2026) (0:16) Intro *Boardroom Governance YouTube Channel launch. (1:45) About the podcast sponsor: The American College of Governance Counsel. (2:31) Start of interview. (3:25) Origin Story of Marc Huffman (6:26) About OnBoard (10:35) AI Risks for SaaS and OnBoard (12:46) Directors Using AI in Shadows. His ideal board books. (17:05) Building a Better AI Policy (20:44) Agentic AI for Boards. Semantics search inside the board portal. (23:30) Recording Risks in Meetings (27:34) Improving Board Effectiveness (29:44) Public, Private, and Governance (32:50) The Private Markets Shift (37:37) AI and Board Dynamics. Empowering Independent Directors. (41:40) Semantic Search and Governance IQ Breakthrough (institutional memory). (44:15) Models, Costs, and Trust (47:26) Book that has greatly influenced his life: Shantaram, by Gregory David Roberts (2003) (48:17) His mentors (49:22) Quotes that he thinks of often or lives his life by "I'm a product of my own expectations" (49:43) An unusual habit or an absurd thing that he loves. (50:35) The living person he most admires. Marc Huffman is the CEO of OnBoard, a global leader in digital board governance solutions, serving over 6,000 boards worldwide. You can follow Evan on social media at:Website: boardroom-governance.comX: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/YouTube: https://www.youtube.com/@BoardroomGovernance__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License
Game server hosting is the layer nobody thinks about until it breaks. In this episode, Kalie Moore sits down with Max Podkidkin, Co-Founder and CEO of BisectHosting, to unpack how a Minecraft server that went dark for three days turned into a 15-year infrastructure business serving hundreds of thousands of customers across more than 140 countries. Max put the first hardware on a credit card, recruited a co-founder he met in his own Minecraft community, and built the company to nearly 100 employees without ever raising outside capital. They get into what those early years actually looked like, including hiding a laptop on a cart at a factory job to answer support tickets, the two years he and Andrew worked together over text before meeting face to face, and how a US and UK split gave them 24/7 coverage with a team of two.The conversation also covers how the hosting business really works, from the economics of renting out resources to why running a server at home costs more than most people think. Max explains why BisectHosting has turned down repeated acquisition offers while private equity consolidates the market around them, how the team gets into a studio's Discord and pre-tests server files before working with a game studio, and what 15 years of hosting communities has taught him about why modding and UGC keep games alive long after launch. He also shares the studio's approach to AI, including Biko, the assistant built into their server panel that has cut support tickets by double digits without a single person losing their job.Big thanks to Heroic Labs for making this episode possible. Gram Games used Heroic Labs to tailor offers and events by player cohort, calling it "critical" in a post-IDFA world where retention is everything. Read how Gram merged personalization and advanced social features into a core system of their live operations: https://heroiclabs.com/blog/gram-games-case-study/?_gl=1*709y52*_up*MQ..*_ga*MTI0MTAzNTM2Ny4xNzg1MjI4NzQ2*_ga_R9WLGSZ1KN*czE3ODUyMjg3NDUkbzEkZzAkdDE3ODUyMjg3NDUkajYwJGwwJGgw We'd also like to thank Overwolf for making this episode possible! Whether you're a gamer, creator, or game studio, Overwolf is the ultimate destination for integrating UGC in games! You can check out all Overwolf has to offer at https://www.overwolf.com/.If you like the episode, please help others find us by leaving a 5-star rating or review! And if you have any comments, requests, or feedback shoot us a note at podcast@naavik.co.Who's On:Guest - Max Podkidkin: https://www.linkedin.com/in/max-podkidkin/Host - Kalie Moore: https://www.linkedin.com/in/kaliemoore/ Watch the episode: YouTube ChannelFor more episodes and details: Podcast WebsiteFree newsletter: Naavik DigestFollow us: Twitter | LinkedIn | WebsiteSound design by Gavin Mc CabeLinks mentioned: https://www.bisecthosting.com/
Private equity has moved through healthcare, dental, and accounting. Law firms are next — and the deals are already happening. But most law firm leaders don't fully understand the structure, the math, or the risks involved. TJ Henry is the co-founder and managing partner of Federate, a management services organization that launches, operates, and scales law firms. He's also one of the most knowledgeable people in the country on how MSO structures work, what investors are actually looking for, and what law firm founders need to know before they sit down at the table. In this episode — part of the Sometimes Tuesdays legal-specific series — TJ joins Scott Love for one of the most detailed, practical conversations the Rainmaking Podcast has ever had on law firm M&A, private equity, and the MSO model. You'll learn: What an MSO actually is — and why it's the legal workaround that makes third-party investment in law firms possible How 20-year contracts, EBITDA calculations, and per-timekeeper fees actually work in these deals Why a $100M revenue firm doesn't generate $100M in EBITDA — and how to find the real number What realistic deal multiples look like right now (and why low-to-mid teens should make you nervous) Why the lawyers most likely to get a deal done are the ones willing to stay and grow — not the ones looking to cash out and leave The three levers every PE investor needs to pull to run a profitable MSO deal: EBITDA arbitrage, law firm growth, and cost reduction What investors get wrong when they try to buy into law firms without law firm operators on their team The difference between a roll-up model and a multi-firm MSO — and the conflicts-of-interest issue that makes one harder than the other Why small to mid-sized firms are actually better deal targets than AmLaw 200 firms What "law firm in a box" looks like — and how Federate can get a new firm up and running in 60 days If you're a law firm founder, managing partner, equity partner, or investor evaluating the legal services market — this episode is required listening. Visit: https://therainmakingpodcast.com/ YouTube: https://youtu.be/lGP1mVGOMzE ---------------------------------------- If you are a successful law firm partner or law firm founder and want to hear about other options, please book a time on Scott Love's calendar here: https://calendly.com/scott-736/half-hour-phone-meeting-with-scott Or email Scott to connect with him at: scott@attorneysearchgroup.com ----------------------------------------
The Cybercrime Magazine Podcast brings you daily cybercrime news on WCYB Digital Radio, the first and only 7x24x365 internet radio station devoted to cybersecurity. Stay updated on the latest cyberattacks, hacks, data breaches, and more with our host. Don't miss an episode, airing every half-hour on WCYB Digital Radio and daily on our podcast. Listen to today's news at https://soundcloud.com/cybercrimemagazine/sets/cybercrime-daily-news. Brought to you by our Partner, Evolution Equity Partners, an international venture capital investor partnering with exceptional entrepreneurs to develop market leading cyber-security and enterprise software companies. Learn more at https://evolutionequity.com
Last week, the owner of the Los Angeles Lakers announced he was selling the basketball team for $12.5 billion — the highest price ever paid for a professional sports team. The deal has shocked the sports world and drawn new attention to a growing trend: Big groups of investors have been buying up professional sports teams as the franchises chase skyrocketing valuations. Today, Pablo Torre, the host of “Pablo Torre Finds Out,” explains the deal and how big money is transforming our relationship with the sports we love. Guest: Pablo Torre, a Pulitzer Prize-winning journalist and the host of “Pablo Torre Finds Out.” Background reading: The deal for the Los Angeles Lakers valued the team at a record $12.5 billion, eclipsing the $10 billion paid for the franchise just last year. The transaction for the Lakers reflects the huge profit potential of major sports franchises. Photo: Logan Riely/NBAE, via Getty Images For more information on today's episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.