December 2025 - PE Alpha

On the PE Industry Headwinds – Q4-2025

The fundraising environment has become challenging. Fund closes are hitting multi-year lows and first-time funds are barely getting off the ground. Middle-market firms are struggling while mega-funds vacuum up the lion’s share of LP commitments. But most of the headlines miss the real story. Capital Is Concentrating, Not Disappearing LPs… Read More >

2026 PE Outlook: AI, Capital Cycles, and the Return of Deal Flow

December 2025 In a few weeks, we will be entering 2026 with a global economy that is structurally resilient. It will be volatile but growth will be positive, inflation will be moderating and the cost of capital will be declining. And AI will be rewriting the operating assumptions for nearly… Read More >

The New Era of PE: The GTM & Operating Alpha Imperative

PE Returns to First Principles: The Operating Alpha Imperative The old PE playbook is dead (especially from the 2010-2022 era). Over that period, roughly two-thirds of PE value creation came from leverage and multiple expansion. That’s not alpha. That’s beta dressed up in carry. With rates normalized, the math no longer… Read More >

I work in Middle Market Tech PE. My career began as an Investment Banking Analyst at Merrill Lynch in New York, followed by an Investment Associate role at NeoCarta, a tech-focused investment firm. Drawing on my dual background in investing and as a C-Level executive, I focus on building a community, connecting with like-minded industry peers and sharing strategies & best practices for growing PE-backed companies capital-efficiently, helping portfolio companies unlock value, helping our PE firm gain an edge, while maximizing equity value in our portfolio (with the north star of generating alpha & superior risk-adjusted returns for our LPs).

About Me