Insights
UK private equity exits and portfolio duration
Published October 2026
UK private equity exit value is back, but 62% of exits are sponsor-to-sponsor. Why portfolio duration, not exit value, is the measure that matters.
Private markets vs public markets
Published October 2026
The usual division no longer sorts investments reliably. Three questions separate them better than the label: pricing, exit terms and disclosure.
Compute-for-equity and the cost of AI compute
Published October 2026
In a cash-only AI round, much of the money becomes a cloud provider's revenue. How compute-for-equity changes which side of that bill an investor is on.
Due diligence on an off-market deal
Published October 2026
Five checks to make from documents and public registers before money moves on a deal that is not marketed publicly.
Sophisticated investor certificate in the UK
Published October 2026
The UK has no single sophisticated investor certificate. The three routes in the Financial Promotion Order, and what an investor gives up by signing.