Insights from the How Money Works episode “So... Is Private Equity Collapsing Yet?”, published July 13, 2026.
The traditional leveraged buyout model is failing as interest rates remain high and debt-laden portfolios become unsustainable. Firms are increasingly using 'extend and pretend' tactics, such as continuation vehicles and NAV loans, to hide losses. The industry is shifting from strip-mining local businesses to becoming a gated, private index fund for the ultra-wealthy.
Topics: Private Equity, Private Credit, Debt Markets, Finance, SaaS
