Podcast
Dry Powder: The Private Equity Podcast
Hugh MacArthur, Chairman of Bain & Company's Global Private Equity practice, interviews leading experts on the trends and opportunities that will redefine the private equity industry.
- Investing chart
- #140
- Episodes
- 172
- Releases
- Every two weeks
- Typical length
- 19 min
- On air since
- 2019
- Latest episode
- 19 hours ago
Episodes
172 episodes, newest first
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22 min
Relationships First w/ Inflexion’s Flor Kassai
Episode 162
Show notes
The firm’s head of buyout discusses how to spot management teams worth waiting years for and why the best deals can take a decade to come together.
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19 min
The AI Tailwind Nobody Expected w/ Brookfield’s Anuj Ranjan
Episode 161
Show notes
In the second part of our conversation, we ask the CEO of Brookfield’s Private Equity Group why the world may be underestimating the demand for power and computing capacity—and which industrial businesses are already benefiting.
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21 min
The AI Opportunity in 'Boring' Businesses w/ Brookfield’s Anuj Ranjan
Episode 160
Show notes
The CEO of Brookfield's Private Equity Group shares why some of the most exciting AI opportunities may be hiding in industrial businesses that still barely use Excel.
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21 min
The Infrastructure Opportunities Hiding in Plain Sight w/ NOVA Infrastructure’s Allison Kingsley and Chris Beall
Episode 159
Show notes
We ask the co-founders of NOVA Infrastructure about the investment opportunities flying beneath the radar of large infrastructure investors, and the value that can be created by professionalizing smaller businesses.
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11 min
Building the New Economy w/ Ares' Kipp deVeer
Episode 158
Show notes
In part two of our interview series, Ares Co-President Kipp deVeer explains where the firm sees the strongest opportunities in the “new economy," and why it’s moving from financing data centers to building them.
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18 min
Looking Beneath the Private Credit Headlines w/ Ares' Kipp deVeer
Episode 157
Show notes
We ask the Co-President of Ares what’s really happening in the private credit market, the advantages of being a scale player, and where he sees performance dispersion among managers.
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19 min
Where AI Is (and Isn’t) Creating Value
Episode 156
Show notes
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 transformations.
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16 min
Exits, AI and Asking 'What’s Next?' w/ Advent International's John Maldonado
Episode 155
Show notes
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 — while staying true to its core.
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19 min
Pond Skipping w/ Advent International's John Maldonado
Episode 154
Show notes
We ask Advent’s Managing Partner and Co-Head of North America how they’ve combined deep sector expertise with true global scale.
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19 min
Looking Over the Horizon w/ CVC's Rob Lucas
Episode 153
Show notes
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 AI and why he considers Europe one of the world’s most compelling markets for generating alpha.
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27 min
Himalayan Heights w/ CVC's Rob Lucas
Episode 152
Show notes
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 leading private equity firms.
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17 min
Employee Ownership at Scale w/ KKR's Pete Stavros
Episode 151
Show notes
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 powerful performance lever when done right.
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26 min
The Hard Truth About Operational Excellence w/ KKR's Pete Stavros
Episode 150
Show notes
KKR's Co-Head of Global Private Equity and Partner reveals the rigorous, long-term discipline required to drive real operational improvements.
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13 min
Bain's Private Equity Midyear Report 2026: Executive Summary
Episode 149
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33 min
Software as a Coworker w/ Vista's Robert Smith
Episode 148
Show notes
The CEO of Vista Equity Partners explains what it will take to win the “agentic revolution.”
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20 min
Exiting Well in Tough Markets w/ Apollo’s David Sambur
Episode 147
Show notes
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 thinking” to AI.
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23 min
Buying Well at Scale w/ Apollo’s David Sambur
Episode 146
Show notes
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, from casinos to airlines to auto-parts.
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14 min
New Normal, New Opportunities w/ Triton’s Peder Prahl
Episode 145
Show notes
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 opportunities for disciplined investors.
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28 min
Buying Before the Theme w/ Triton’s Peder Prahl
Episode 144
Show notes
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 strictly disciplined.
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16 min
Infrastructure's Next Frontiers w/ Stonepeak’s Michael Dorrell
Episode 143
Show notes
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 infrastructure could see surging demand in an era of deglobalization.
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