New Mountain Capital's CEO on Private Equity

The video discusses the current economic cycle compared to past cycles, focusing on private equity's evolution and its role in the economy. It highlights the impact of high interest rates, lessons from the Volcker era, and the growth of private equity from a niche to a dominant asset class. The video also covers institutional investors' responses, the importance of due diligence, and the market dynamics affecting private equity. Despite concerns of market saturation, private equity continues to outperform, driven by skilled business building and operational focus.

In what ways has the approach to due diligence changed in private equity deals?

What challenges does the increasing number of private equity firms pose to the industry?