Dry Powder: The Private Equity Podcast

Where AI Is (and Isn’t) Creating Value

We asked six leading investors at Vista, Hg, Advent, CVC, KKR, and Apollo where AI is creating value today—and what it will take to unlock the next wave of transformation

Exits, AI and Asking 'What’s Next?' w/ Advent International's John Maldonado

In part two of our interview with Advent’s Managing Partner, we explore how the firm is navigating longer holding periods, harder exits, and rapid technological change —

Pond Skipping w/ Advent International's John Maldonado

We ask Advent’s Managing Partner and Co-Head of North America how they’ve combined deep sector expertise with true global scale.

Looking Over the Horizon w/ CVC's Rob Lucas

In part two of our interview series with the CEO of CVC, we explore how they’re navigating one of the toughest fundraising markets in decades, their firm-wide embrace of

Himalayan Heights w/ CVC's Rob Lucas

CVC CEO Rob Lucas explains how climbing the world's highest mountains—from the Seven Summits to K2—has helped shape the leadership philosophy behind one of the world's le

Employee Ownership at Scale w/ KKR's Pete Stavros

In part two of our interview series, Pete Stavros shares how KKR has scaled employee ownership to 85 companies and 200,000 frontline workers — and why it can be a powerfu

The Hard Truth About Operational Excellence w/ KKR's Pete Stavros

KKR's Co-Head of Global Private Equity and Partner reveals the rigorous, long-term discipline required to drive real operational improvements.

Bain's Private Equity Midyear Report 2026: Executive Summary

Private equity is not in a crisis — rather, it’s stuck. The issue isn’t capital; it’s confidence. Read Bain’s 2026 Midyear Private Equity Report here. Register for our

Software as a Coworker w/ Vista's Robert Smith

The CEO of Vista Equity Partners explains what it will take to win the “agentic revolution.”

Exiting Well in Tough Markets w/ Apollo’s David Sambur

In part two of our interview series, the Co-Head of Private Equity at Apollo shares how they return capital well ahead of schedule and how they’re applying “clean sheet t

Buying Well at Scale w/ Apollo’s David Sambur

We ask the Co-Head of Private Equity at Apollo how he scours “less trafficked” parts of the market and how his team spreads ideas across a disparate set of industries, fr

New Normal, New Opportunities w/ Triton’s Peder Prahl

In part two of our interview series, we ask the CEO of Triton how higher interest rates, constrained leverage, and rising macro uncertainty are creating fresh opportuniti

Buying Before the Theme w/ Triton’s Peder Prahl

We ask the founding CEO of Triton how he invests in areas “before they become themes," and how he has built an organization that is both deeply entrepreneurial and strict

Infrastructure's Next Frontiers w/ Stonepeak’s Michael Dorrell

In part two of our infrastructure series, the Stonepeak CEO explains how he’s zeroing in on investment opportunities across the energy sector and why logistics infrastruc

Mastering the Infrastructure Cycle w/ Stonepeak’s Michael Dorrell

We ask a pioneer of modern infrastructure how to invest across booms, busts, and technological revolutions.

Dry Powder: Live from NEXUS 2026

Jennifer Choi, CEO of ILPA, joins us for a wide-ranging conversation on the current mood among LPs, the mainstreaming of continuation vehicles, and the accelerating race

Bain & Company’s Global Private Equity Report 2026: Executive Summary

A glance at the top-line numbers would suggest the industry is gaining traction, but is it? Read the full 2026 Global Private Equity Report, here. Register for our webi

Megafund Capabilities on a Mid-market Budget w/ Gryphon's David Andrews

In part two of our interview with Gryphon’s co-CEO, we discover why his $11 billion firm built a 40-person ops team—something most middle-market firms wouldn’t even conte

Spotting the Downturn Early and Coming Out Ahead w/ Gryphon's David Andrews

We ask the co-CEO of Gryphon Investors how he foresaw one of the harshest cycles in the industry’s history and when he thinks it may finally break.

What Kind of AI Cycle Are We Actually In?

The question for investors is not whether AI will boom or bust, but who may be unwittingly subsidizing the buildout.