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What Private Equity Investors Think They Do for the Companies They Buy

Harvard Business Review

The private equity industry has grown markedly in the last 20 years and we know more than we used to about its effects on the economy. What have been less explored are the specific actions taken by private equity (PE) fund managers. What have been less explored are the specific actions taken by private equity (PE) fund managers.

CAPM 8
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Desperately Seeking Simplicity

Harvard Business Review

Today, only 9% of businesses in the world have achieved even a modest level of sustained, profitable growth over the past decade on average (5.5%, earning cost of capital) and that is declining — even though virtually all the businesses aspire to something like this or more.

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Is Your Business Biased Against Innovation?

Strategy Driven

The logic of NPV is to project cash flows into the future and then discount those flows back into today’s dollars at a given cost of capital. Yet for the small handful of companies that have managed to drive growth consistently – even through tough times – the payoff is great. How do they do it?