PMG Private Equity

---

Private equity is one of the most significant and most discussed segments of global private markets. It is also one where the gap between industry narrative and independent evidence is most pronounced.

PMG Private Equity publishes weekly analysis for institutional investors, family offices, and alternative investment professionals who want a clear-eyed view of the market — not a sales pitch.

Buyout market conditions and deal activity across large-cap, mid-market, and growth equity. Fund performance measurement — including why IRR alone is insufficient and what public market equivalent analysis reveals. 

GP-LP dynamics, fee structures, and the governance questions raised by continuation vehicles, dividend recapitalisations, and GP stake sales.

Portfolio construction, vintage diversification, and how to think about private equity allocation when exit markets are constrained. The regulatory environment affecting private equity including AIFMD II and SEC Private Fund Adviser Rules. What independent academic evidence shows about operational improvement versus financial engineering — and what that means for manager selection.

Every article is strictly neutral and analytical, drawing on published research from Bain, Preqin, Cambridge Associates, ILPA, academic journals, and regulatory publications. 

We do not manage money and have no commercial relationships with fund managers.

New analysis published every week.