Episode #104: 36,000 Companies, One Metric: What DPI Did to Private Equity

Podcast: Stewart Squared · Stewart Alsop II, Stewart Alsop III

Opublikowano: 2026-08-27

In this episode of the Stewart Squared podcast, host Stewart Alsop sits down with his father Stewart Alsop II to unpack how private equity, venture capital, and growth equity have evolved—and possibly converged—since the 2008 financial crisis. They explore how massive liquidity injections in 2020 fueled a PE buying spree, why the distinctions between investment categories are blurring as everyone gets measured by the same metrics (DPI—distributions per investment), and whether the whole system is starting to break down. The conversation touches on everything from SPACs making a comeback to Elon Musk's SpaceX IPO, the financialization of restaurants, and ho...