『Private Equity Conversations with Fexingo: PE Funds, Buyouts, and Long-Hold Investing』のカバーアート

Private Equity Conversations with Fexingo: PE Funds, Buyouts, and Long-Hold Investing

Private Equity Conversations with Fexingo: PE Funds, Buyouts, and Long-Hold Investing

著者： Fexingo
無料で聴く

Lucas and Luna sit down at the partner desk to examine the mechanics of private equity — buyout structures, fund economics, and long-hold strategies. Each episode dissects a single deal or fund, from the LBO model that acquired Dollar General in 2007 to the multi-decade hold of Constellation Software by Leonard Green. Lucas brings the numbers: IRR calculations, fee waterfalls, and debt-to-EBITDA ratios. Luna pushes back on the human side — why a founder sells, how the PE firm reshapes governance, and whether long-hold investing actually reduces the perverse incentives of the traditional 10-year fund cycle. Together, they balance the technical with the strategic, always anchored in real cases. This show is for the analyst who wants to understand accretion vs. dilution, the GP who questions carried interest structures, and the LP trying to differentiate between value creation and multiple expansion. No fundraising pitches, no off-the-record gossip — just a rigorous, two-sided conversation about how PE actually works, and whether it works for whom. Will the rise of continuation funds solve the liquidity problem or entrench conflicts of interest? #PrivateEquity #Buyouts #LBO #FundEconomics #CarriedInterest #ValueCreation #DollarGeneral #ConstellationSoftware #LeonardGreen #CapitalAllocation #DebtFinance #IRR #LongHold #ContinuationFunds #Governance #Business #FexingoBusiness #Finance Keep every episode free: buymeacoffee.com/fexingo© 2026 Fexingo. All rights reserved. 経済学
エピソード
  • How Private Equity Is Buying Up Dental Support Organizations

    How Private Equity Is Buying Up Dental Support Organizations
    2026/06/09
    Private equity has been quietly consolidating dentistry through Dental Support Organizations (DSOs). In this episode, Lucas and Luna examine how PE-backed DSOs now control nearly 20% of US dental practices—and why that number is climbing. They break down the economics: a single dental practice generates roughly $800,000 in annual revenue with 25% EBITDA margins, making it a prime roll-up target. Lucas explains the 'hub-and-spoke' model where a PE firm buys a flagship practice, then acquires smaller ones to centralize billing, marketing, and supply procurement. Luna questions whether this leads to higher patient prices or better access. The hosts also touch on recent regulatory scrutiny, including FTC challenges to non-compete clauses in dentist contracts. A focused look at one of healthcare's most active—and least visible—PE frontiers. #PrivateEquity #DentalSupportOrganizations #DSO #HealthcareConsolidation #RollUpStrategy #Dentistry #PEInvesting #FranchiseModel #EBITDAMargins #RegulatoryScrutiny #FTC #NonCompeteClauses #HubAndSpoke #DentalPractices #Business #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
    続きを読む 一部表示
    8 分
  • How Private Equity Is Buying Up Marinas and Boat Storage

    How Private Equity Is Buying Up Marinas and Boat Storage
    2026/06/08
    Lucas and Luna dive into the quiet roll-up of marina and boat storage assets by private equity firms. With over 11,000 marinas in the U.S. and only 1,000 owned by institutional investors, PE is targeting fragmented waterfront real estate for high-margin storage and service revenue. They break down the economics: a typical 250-slip marina can generate $2 million in annual revenue, 40% from dry stack storage alone. The hosts discuss the biggest player, Suntex Marinas, which grew from 15 to over 60 properties since 2017, and the challenge of limited supply. Luna questions the impact on local boaters, and Lucas explains the 'own the water, own the wallet' thesis. The episode ties to listener support with a subtle mention of buy me a coffee dot com slash fexingo. #PrivateEquity #Marinas #BoatStorage #SuntexMarinas #RollUp #AssetConsolidation #WaterfrontRealEstate #DryStackStorage #BoatSlips #MarinaManagement #InstitutionalInvestors #FragmentedIndustry #Finance #Business #FexingoBusiness #BusinessPodcast #PEInvesting #AlternativeAssets Keep every episode free: buymeacoffee.com/fexingo
    続きを読む 一部表示
    11 分
  • How Private Equity Is Buying Up Accountancy Firms

    How Private Equity Is Buying Up Accountancy Firms
    2026/06/08
    Episode 38 of Private Equity Conversations looks at how PE firms are consolidating the accounting industry. Lucas and Luna discuss the case of EisnerAmper, one of the top 20 US accounting firms, which sold a majority stake to private equity in 2021. They break down the economics: the 'evergreen' nature of audit and tax work, the recurring revenue model that attracts PE, and the challenge of partner succession. They also examine the impact on audit independence, the rise of 'alternative practice structures,' and what the trend means for smaller firms. Specific numbers include the ~$5 billion valuation of the EisnerAmper deal and the roughly 40% of US accounting firms expected to face partner retirement within a decade. A focused look at why balance-sheet money is flowing into a profession that once prided itself on partnership structure. #PrivateEquity #Accounting #EisnerAmper #Audit #Tax #ProfessionalServices #Consolidation #Partnership #AlternativePracticeStructure #Finance #Business #PE #RecurringRevenue #SuccessionPlanning #Top20Firm #Independence #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
    続きを読む 一部表示
    8 分
adbl_web_anon_alc_button_suppression_t1
まだレビューはありません