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A private equity hold period is how long a fund owns a company before exit. Here is how average and median holds differ, why clocks stretched toward seven years, and what that does to IRR, DPI, and continuation vehicles.

Sep 19, 2026
Illustration comparing private equity company ownership with traditional asset management portfolios

Private equity buys companies with limited-partner capital on a fund clock. Traditional asset management runs liquid portfolios for a fee on assets under management. Hours, pay, and the bridge between them follow from that.

Sep 17, 2026
Illustration comparing a private equity deal team and a corporate development acquisition meeting.

Private equity buys companies with limited-partner capital and a small deal team. Corporate development buys for one company from the balance sheet. Hours, pay, and the bridge between them follow from that.

Sep 4, 2026
Management buyout closing table with equity folders and capital binders

A management buyout (MBO) is when sitting managers buy the company they run, usually with a private equity sponsor and debt on the business. Here is how an MBO differs from a sponsor-led LBO and a management buy-in.

Sep 3, 2026
Zinc editorial still life of a closed LP meeting folder, a blank partner nameplate, and a thin board pack, no type on the cover

A private equity managing director or partner is the person who raises the next fund, covers limited partners, and votes whether the firm buys. The title on the card is not always the same as equity in the general partner. The same seniority is a different job at a megafund, a middle-market shop, and a growth fund.

Sep 1, 2026
Zinc editorial still life of a closed spiral-bound deal book, a signed NDA page, and a pencil, no type on the cover

A confidential information memorandum is the sell-side bank's book on a company for sale. A buyout associate reads it after the NDA. It is long enough to support a first-round bid and optimistic enough that treating the numbers as proven is how a file gets dishonest.

Sep 1, 2026
A closed deal folder, printed merger papers, and a pen arranged for a going-private close

A listed company goes private when a buyer acquires the public shares and delists the stock. Sponsor deals are public-to-private LBOs. How the path works, what Rule 13e-3 covers, and what shareholders are paid.

Sep 1, 2026
Zinc editorial still life contrasting a stack of folders with a single closed box

A consulting firm sells advice with a large junior bench. A private equity fund buys companies with a small deal team. Hours, pay, and which interview you sit follow from that.

Sep 1, 2026
Zinc editorial still life of a closed deal folder, a board pack, and a printed origination note, no type on the cover

A private equity principal is supposed to find the company, win the partnership's buy-in, and sit on the board after the close. They still do not write the check. The same title is a different job at a megafund, a middle-market shop, and a growth fund.

Sep 1, 2026
Zinc editorial still life of two closed folders on a dark wood desk, no type on the cover

An add-on acquisition is the purchase of a smaller company by a business a private equity fund already owns. The platform is the buyer. Multiple arbitrage is real only if the combined company actually trades like the platform.

Sep 1, 2026
Two unlabeled columns of paper on a zinc desk, the closing table for a buyout

Sources and uses is the closing table for a leveraged buyout. Uses list what must be funded. Sources list who funds it. The fund's cheque is the plug, and that plug is the denominator for IRR and MOIC.

Sep 1, 2026