
Dry Powder: The Private Equity Podcast
Hugh MacArthur, Chairman of Bain & Company's Global Private Equity practice, interviews leading experts on the trends and opportunities that will redefine the private equity industry.
Latest episodes

25 snips
Apr 15, 2025 • 21min
NAV Loans Under the Microscope w/ 17Capital’s Pierre-Antoine de Selancy
Pierre-Antoine de Selancy, co-founder of 17Capital, shares his insights on the growing trend of NAV loans in private equity. He discusses the balance sheets' evolving role for General Partners, emphasizing the need for financial resilience. The conversation touches on how NAV loans address liquidity challenges while highlighting skepticism from Limited Partners. Additionally, de Selancy explores the transformative impact of AI on investment analysis, showcasing innovative approaches that enhance capital efficiency in the evolving financial landscape.

57 snips
Apr 8, 2025 • 19min
Full Speed Ahead w/ Hamilton Lane’s Erik Hirsch
In a compelling discussion, Erik Hirsch, Co-CEO of Hamilton Lane, shares insights on building an analytics engine that caters to both institutional and individual investors. He explores how technology is reshaping private equity, focusing on shifts in fee structures and educational gaps retail investors face. Hirsch highlights the importance of data, especially through Hamilton Lane's Cobalt technology, in enhancing investment decisions. He also addresses branding challenges and the necessity of empowering individual investors in this evolving landscape.

40 snips
Apr 1, 2025 • 18min
Warp Speed w/ Hamilton Lane’s Erik Hirsch
Erik Hirsch, Co-CEO of Hamilton Lane, provides keen insights into the fast-paced evolution of private market infrastructure. He discusses how technology is reshaping investor expectations and the crucial divide between innovative firms and laggards. Hirsch highlights Hamilton Lane's role in democratizing access to private markets with customized portfolios. He also examines how blockchain technology could revolutionize public and private markets, addressing inefficiencies in current systems while enhancing liquidity for a broader range of investors.

22 snips
Mar 25, 2025 • 12min
Where Infrastructure Deals Are Heading
In this insightful discussion, Andrew Kunkel, a member of Bain's private equity practice and co-leader in transportation and logistics, dives into the evolving world of infrastructure deals. He highlights how the energy transition is reshaping investments, particularly in digital and energy sectors. The conversation also covers emerging opportunities in healthcare and education, while emphasizing the importance of local insights for navigating digital infrastructure investments. Kunkel's expertise offers a fresh perspective on adapting strategies in a rapidly changing market.

27 snips
Mar 18, 2025 • 18min
Infrastructure’s New Playbook
Andrew Kunkel, a member of Bain & Company's private equity practice and an expert in infrastructure investing, discusses the transformative landscape of infrastructure deals. He emphasizes the growing role of private capital, especially in energy transitions and digital infrastructure. Kunkel explores the complexities of evolving investment strategies, the competitive dynamics within private equity, and uncovers the hidden value in assets like toll roads. He also shares insights on effective team dynamics and the importance of aligning investment strategies with operational efficiency.

47 snips
Mar 12, 2025 • 25min
Dry Powder: Live From NEXUS 2025
Brian Bernasek, Co-Head of Americas Corporate Private Equity at Carlyle, shares his insights from the NEXUS conference. He discusses his market outlook for 2025, emphasizing the rising cost of alpha and the critical role of AI in investment strategies. Bernasek highlights the importance of sector expertise and collaboration in private equity, especially in healthcare and technology. He also advises aspiring investors on the significance of networking and mentorship in navigating the complexities of the industry.

90 snips
Mar 3, 2025 • 19min
Bain & Company’s 2025 Global Private Equity Report: Executive Summary
This discussion reveals an exciting recovery in the private equity landscape, showcasing a resurgence in deal-making and exits. It also dives into the ongoing hurdles facing general partners, like securing top talent and capital. Lastly, strategic planning emerges as a critical tool for investment firms navigating this competitive market. Tune in for insights that could shape future success in private equity!

44 snips
Feb 25, 2025 • 19min
From Startups to Scale-Ups w/ Insight Partners’ Deven Parekh
Deven Parekh, Managing Director at Insight Partners, shares insights on navigating investments from startups to scale-ups. He discusses the importance of multi-stage investment strategies in the tech sector and highlights a case study on Alteryx, emphasizing long-term perspectives. The conversation also covers how a specialized operations team supports diverse portfolio companies and the role of AI in enhancing knowledge sharing. Additionally, he delves into managing investment transitions in the AI credit sector, focusing on systematic decision-making for optimal returns.

57 snips
Feb 11, 2025 • 25min
Profile of an Industry Innovator w/ TPG’s Jim Coulter
Jim Coulter, co-founder of TPG and a key figure in private equity, reflects on the legacy of his mentor David Bonderman. He shares insights on the essential skills for board dynamics and how unique personal traits, such as humor, foster effective problem-solving. Coulter discusses the importance of building horizontal relationships over traditional hierarchies for collaboration in investing. He also emphasizes transformative investment strategies that prioritize problem-solving, highlighting significant investments like Continental Airlines and the shift toward climate solutions.

48 snips
Jan 30, 2025 • 21min
The Leaders Strategy w/ GTCR’s Collin Roche
Collin Roche is the Co-CEO and managing director of GTCR, a notable private equity firm known for its unique approach to management. He delves into the exceptional retention of leadership at GTCR, highlighting how effective management can drive portfolio success. The discussion also covers the vital importance of resilient leadership and adaptability in tough situations. Roche emphasizes the need for proactive involvement of leaders during the diligence process to create unity and swift execution, illustrating how strategic teamwork can navigate market challenges.
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