The hottest Private Equity Substack posts right now

And their main takeaways
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Top U.S. Politics Topics

Out with a Bang as FTC Beats the PharmaBros

BIG by Matt Stoller • 39535 implied HN points • 30 Dec 23
🇺🇸 U.S. Politics Antitrust Crypto Private Equity Legislation
  1. FTC achieved a significant victory in a merger case which could impact corporate America
  2. Judge Rakoff ruled that certain crypto assets are securities, setting a precedent for regulation in the crypto space
  3. Private equity firm involvement in a rent-fixing scheme highlights potential liabilities for such ownership arrangements

"Cha-Ching!" Lina Khan Attacks Private Equity in Health Care

BIG by Matt Stoller • 39306 implied HN points • 22 Sep 23
🇺🇸 U.S. Politics Antitrust enforcement Private Equity Monopoly power
  1. FTC Chair Lina Khan is actively fighting against predatory finance in health care, specifically targeting a private equity firm for monopolization in the anesthesiology industry.
  2. The excessive prices in the American health care system are attributed to massive consolidation in various sectors, including the involvement of private equity firms focused on profit extraction.
  3. The FTC's lawsuit against USAP and Welsh Carson highlights illegal practices in monopolization, price-fixing, and market allocation that have cost Texans millions, shedding light on the need to address predatory actions in the industry.

Top Links 384 Gaza's famine, Malaysia's currency under pressure, PE impasse, pickles for millenials and Hjalmar Schacht's host in Indonesia.

Chartbook • 300 implied HN points • 11 Mar 24
🌍 World Politics Private Equity Global Economics
  1. The post discusses Gaza's famine, Malaysia's currency challenges, private equity dilemmas, pickles for millennials, and Hjalmar Schacht's visit to Indonesia.
  2. The content includes great links, readings, and images from the Chartbook Newsletter by Adam Tooze.
  3. To access the full post and more content like this, readers must be paid subscribers to the newsletter.
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Is private equity going to come to digital health’s rescue?

Second Opinion • 412 implied HN points • 08 Feb 24
🏥 Health & Wellness Digital Health Private Equity Market Analysis Market Dynamics
  1. Private equity firms are hesitant to make deals in digital health due to post-pandemic fund performance and concerns about the current portfolio's growth potential.
  2. Many potential deals in digital health have complications, making private equity firms cautious and preferring to wait for better opportunities.
  3. Profitability is a key focus for private equity, leading to a scarcity of profitable companies in the health-tech sector and contributing to the hesitation in making investments.

Fintech: Joe Duran's Rise Growth Partners secures $250MM for minority RIA investments

The Fintech Blueprint • 196 implied HN points • 05 Feb 24
💰 Finance Private Equity Wealth Management Fintech
  1. Joe Duran's Rise Growth Partners secures $250MM for minority RIA investments
  2. Rise Growth Partners focuses on acquiring a 30% stake in RIAs with $1B - $5B in AUM
  3. Competition is fierce in the RIA minority investing space with players like Constellation Wealth Capital and Merchant Investment Management

Lights, Camera, Action!

Lewis Enterprises • 235 implied HN points • 12 Dec 23
💰 Finance Real Estate Private Equity
  1. Hudson Pacific's studio assets present an opportunity for unlocking value through deleveraging.
  2. REIT management often resists selling assets despite high valuations, impacting investment returns.
  3. Combining portfolios of West Coast-focused office REITs can benefit public markets investors, despite being unlikely to happen.

The Game is About to Start

Mindset Value • 196 implied HN points • 23 Oct 23
💰 Finance Investing Cannabis Private Equity Stocks
  1. The Mindset Value Wellness Fund had a strong performance in Q3, up 27.4% and about 60% for the year.
  2. Potential positive changes in cannabis regulations, like rescheduling, could open up new opportunities for investors.
  3. Investing in companies like Grown Rogue and Glass House with operational excellence and growth potential can lead to significant returns.

The Archive

A Letter a Day • 550 implied HN points • 13 Apr 23
💼 Business Investors Venture Capital Private Equity Founders
  1. The project involves sharing letters from influential investors, founders, and operators.
  2. The bottom-up approach helps to understand industries and people by reading their published works and listening to their talks.
  3. The newsletter provides a diverse range of insights from various individuals across different sectors such as public markets, venture capital, private equity, founders, operators, and talent hubs.

Tony Robbins’ Favorite Asset Class

Net Interest • 18 implied HN points • 01 Mar 24
💰 Finance Investing Wealth Management Private Equity Asset management Financial Education
  1. Tony Robbins has invested in over 100 privately held businesses with combined sales over $7 billion, leveraging his brand to immense success.
  2. Robbins emphasized the concept of 'GP stakes', where investors buy minority positions in asset management firms, such as what he did with Blue Owl through CAZ Investments.
  3. The GP stakes business model focuses on buying into asset management firms and can be highly lucrative, providing exposure to various private asset management firms.

Competitive Specialization in Founder Support

Equal Ventures • 79 implied HN points • 05 Dec 23
💼 Business Venture Capital Specialization Private Equity Consulting
  1. Venture firms often lack competitive specialization, unlike private equity which frequently employs this strategy to allow various team members with complementary specialties to work together on deals.
  2. Competitive specialization within firms, like having dedicated industry leads, can empower teams to perform at their best, focus on their strengths, and deliver exceptional value to founders.
  3. Empowering team members to specialize in their unique skill sets and roles can lead to innovative approaches, better outcomes in deals, and overall team growth and satisfaction.

Letter #97: Henry Kravis (2004)

A Letter a Day • 216 implied HN points • 04 Jul 23
💼 Business Private Equity Investing Value Creation
  1. The private equity industry has evolved over the past three decades, facing challenges due to its success.
  2. Private equity firms need to start adding value to their investments from day one, not just in year two.
  3. Success in private equity today requires skilled people, disciplined approach to managing operations, and global opportunities.

"AI For PE" Startups Are Missing the Point

Fully Distributed by Ori Eldarov • 78 implied HN points • 04 Aug 23
💼 Business AI Startups Private Equity Investing Automation
  1. The real value in AI for Private Equity is in enhancing portfolio companies, not just investors.
  2. Most AI solutions for Private Equity focusing on automating low-impact tasks may not significantly boost revenues for funds.
  3. The opportunity in AI for Private Equity lies in driving operational efficiencies at the portfolio company level through workflow automation and improved analytics.

Managing private equity portfolios

Klement on Investing • 2 implied HN points • 13 Feb 24
💰 Finance Investments Private Equity Risk management
  1. Private equity managers have unique challenges in balancing portfolio concentration for high returns and diversification to manage risk.
  2. Private equity portfolio characteristics differ from those of listed equity funds, with smaller, riskier holdings often generating the most alpha.
  3. Performance in private equity is less about individual deals and more about portfolio construction, where fund manager skill plays a significant role.

2022 M&A in Cybersecurity

The Security Industry • 15 implied HN points • 02 Apr 23
🕹 Technology Cybersecurity Mergers & Acquisitions Private Equity Cloud Security
  1. In 2022, the cybersecurity industry saw 332 acquisitions, with the largest deal being VMware acquired by Broadcom for $60 billion.
  2. Most of the acquisitions in 2022 were strategic, where one vendor acquired another, like Google buying Mandiant.
  3. Special Purpose Acquisition Corps (SPACs) were used for acquiring cybersecurity companies, with notable large deals taking advantage of lower valuations.

SPACs a.k.a "Vegas Wedding Chapel of liquidity events"

Turnaround • 59 implied HN points • 25 Jan 21
💼 Business Investing Startups Venture Capital Private Equity IPOs
  1. Startups are increasingly staying private longer due to the availability of private money and growth of Venture Capital and Private Equity.
  2. SPACs, or Special Purpose Acquisition Companies, offer more certainty and speed for companies going public compared to traditional IPOs.
  3. SPACs may be seen as more expensive than IPOs due to higher fees, but have evolved and come under greater scrutiny by the SEC.