Ross Butler

Latin America is largely ignored by European investors, while those from North America and Asia are far more active. Brazil is probably the easiest entry route, combining  economic scale, sophisticated domestic family capital and significant opportunities in sectors. However, success requires thematic focus, patient capital, strong local relationships and a disciplined approach to currency risk. […]

Private equity is entering a tougher operating environment where historical tailwinds from cheap debt and multiple expansion are no longer enough. In this episode of Fund Shack, Emilio Domingo, Chief Commercial Officer for Bain & Company’s EMEA Private Equity practice, joins Ross Butler to discuss Bain’s 2026 private equity outlook, why earnings growth requirements have […]

Following SpaceX’s June 2026 IPO, Ross Butler asks Mark Boggett, CEO and General Partner of Seraphim Space, what investors should make of the much wider SpaceTech ecosystem.  The conversation explores why defence is underwriting near-term growth, how AI is unlocking satellite data, why falling launch costs could make orbital infrastructure viable, and where investable opportunities […]

Private markets were designed around illiquidity, but the industry is now too large and too complex to rely solely on traditional exits. In this episode, Ross Butler speaks with Alex Branton, Chief Investment Officer at Nodem Capital, about what NAV really means, how private markets liquidity tools are evolving, and why NAV lending sits somewhere […]

Florencia Kassai, Managing Partner and Head of Buyout at Inflexion, joins Ross Butler following Inflexion’s latest buyout fundraise to discuss what it takes to invest well in a more selective private equity market. The conversation ranges from sub-sector depth and buy-and-build execution to direct origination, continuation funds, European expansion and why Flor believes private equity […]

Evercore is the global number one in secondaries advisory, controlling more than half the market. So it’s fair to say that Nigel Dawn sees almost everything. And what he sees above all, is opportunity. Secondaries are becoming central to how private markets function -from pricing and liquidity to portfolio construction and capital recycling. At roughly […]

Private credit has scaled rapidly into a trillion dollar market, yet much of the current narrative is dominated by concerns around defaults, liquidity and AI disruption. In this episode, David Hirschmann, Co-Head of Permira Credit, explains to Ross Butler why the growth of private credit is fundamentally structural, not cyclical, and why much of the […]

Drawing on more than two decades of empirical research and extensive back-testing, Professor Oliver Gottschalg explains why algorithmic decision support can outperform “normal” human allocation, particularly in fund selection and secondaries pricing, without relying on better data or privileged access. In this episode, we look at sets out how machine learning can be applied to […]

Cyril Demaria-Bengochea is Head of Private Market Strategy at Julius Baer, Associate Professor at EDHEC Business School, and the author of several leading books on private equity. He has also advised Invest Europe, ILPA, and the European Commission, which gives him a rare vantage point across academic evidence, investor governance, and the day-to-day realities of […]

Will Dunham is President and CEO of the American Investment Council, the largest private equity and private credit trade association in the United States. Representing firms from trillion-dollar platforms to small and mid-market managers, he is the industry’s front-line advocate in Washington, charged with protecting private capital’s licence to operate and correcting the widening gap […]