Core Insights - The increasing trend of private equity (PE) ownership across various industries, particularly in accounting, is notable, with projections indicating that over half of the top 30 accounting firms could be under PE ownership by the end of 2025 [2][3]. Industry Trends - From 2020 to September 2025, there have been at least 90 private equity-related transactions and firm mergers in the accounting sector, with 52 occurring in 2025 alone, highlighting the rapid growth of PE influence [2]. - Private equity firms are estimated to own about 10% of all apartment stock in the United States, indicating that few industries are immune to PE's reach [3]. Company Dynamics - Companies often view PE investments as a means to increase capital access and facilitate growth, as seen in the case of Milwaukee-based accounting firm Wipfli, which announced a minority investment from New Mountain Capital to accelerate its growth [5]. - The tension between founders' long-term visions and private equity firms' goals of quick returns can create challenges in company direction and strategy [5]. CFO Strategies - CFOs are advised to build trusted relationships with new ownership to navigate the complexities of private equity situations effectively [7]. - The importance of storytelling and relationship management is emphasized for CFOs in private equity contexts, as they need to be more relationship savvy than in previous roles [8].

Group 1 - The event is the third edition of PAX Talks, focusing on Patria's Global Private Market Solutions (GPMS) and its approach to generating Alpha in middle market private equity [1][2] - Andre Medina leads the Shareholder Relations at Patria and introduces the session, while Charles Keenan, with a background in public markets portfolio management, will lead the Q&A [1] - Merrick Mckay, a partner and head of Private Equity for GPMS, has over 30 years of experience in the European private equity industry and is involved in various advisory roles [2] Group 2 - The format of the event is a fireside chat Q&A, allowing participants to submit questions for discussion [3] - There is a reminder regarding forward-looking statements, indicating that the information shared may not guarantee future performance [3][4]

Group 1 - Carlyle has hired two senior executives for its direct-lending business [1] - The hiring aims to increase Carlyle's share in a growing market [1]

Core Viewpoint - The appointment of Caroline Chan as an independent non-executive Director of NB Private Equity Partners is aimed at ensuring a smooth transition in anticipation of Trudi Clark's retirement in 2026 [2]. Group 1: Appointment Details - Caroline Chan has been appointed to the Board effective from 18 September 2025, increasing the Board size from five to six directors temporarily [2]. - Ms. Chan brings over 30 years of experience as a corporate lawyer with expertise in investment funds, banking, and commercial law [2]. - She has held various senior legal and regulatory roles and directorships within leading firms and Guernsey organizations [2]. Group 2: Committee Involvement - Ms. Chan will serve on the Audit Committee, Management Engagement Committee, and the Nomination & Remuneration Committee, with all appointments effective from 18 September 2025 [3]. Group 3: Company Overview - NB Private Equity Partners invests in direct private equity investments alongside leading private equity firms globally [4]. - The Investment Manager, NB Alternatives Advisers LLC, is responsible for sourcing, execution, and management of NBPE, with a focus on fee efficiency [4]. - NBPE aims for capital appreciation through growth in net asset value over time while paying a bi-annual dividend [4]. Group 4: Neuberger Berman Overview - Neuberger Berman is an employee-owned, independent investment manager managing $538 billion across various asset classes [5]. - The firm has been recognized as one of the best places to work in money management for eleven consecutive years [5].

Summary of Patria Investments (NasdaqGS:PAX) Update / Briefing Company Overview - **Company**: Patria Investments - **Event**: Third edition of Pax Talks, focusing on Global Private Markets Solutions (GPMS) business - **Date**: September 18, 2025 - **Key Speakers**: Andrea Medina (Shareholder Relations), Merrick McKay (Partner and Head of Private Equity for GPMS), Charles Keenan (Portfolio Manager at Long Light Capital) Key Points Industry and Business Model - **Industry**: Private Equity, specifically focusing on middle-market investments - **Business Model**: GPMS invests in middle-market private equity primaries, secondaries, and co-investments primarily in Europe and to a lesser extent in the U.S. [3][4] Financial Metrics - **Assets Under Management (AUM)**: As of Q2, GPMS had $13.9 billion in AUM, with $11.4 billion being fee-earning AUM, $1.4 billion pending fee-earning AUM, and $3 billion uncalled capital [3] - **Patria Private Equity Trust (PPET)**: Represents over $1.6 billion of permanent capital fee-earning AUM and has raised over $3.5 billion since the acquisition of Aberdeen's middle-market private equity solutions business [4] Growth Strategy - **Growth Target**: Patria aims to double GPMS fee-earning AUM within the next three years [4][53] - **Focus Areas**: - Maintain and grow the separate managed account (SMA) client base - Expand successful secondaries strategy (SOF) - Develop new pooled products and explore opportunities in LATAM [54][55] Market Dynamics - **Middle-Market Focus**: The mid-market has historically generated superior returns compared to large-cap investments due to lower pricing, more growth opportunities, and lower correlation with public markets [23][24] - **Investor Sentiment**: There has been a shift in focus from large mega-cap investments to mid-market opportunities as private equity returns have begun to decline [26][27] Client Relationships - **Client Base**: Predominantly consists of separate managed accounts (SMAs) and pooled products, with a strong emphasis on maintaining close relationships with clients [12][41] - **Investor Preferences**: Clients prefer tailored strategies that leverage Patria's expertise in specific market segments, particularly in Europe [17][18] Competitive Advantage - **Relationship-Driven**: The success of GPMS is heavily reliant on long-term relationships with both limited partners (LPs) and general partners (GPs), which are crucial for co-investment opportunities and secondary market transactions [40][42] - **Operational Efficiency**: Patria's ability to move quickly and adapt to market changes is highlighted as a significant advantage over larger, more bureaucratic institutions [70] Future Outlook - **Expansion Plans**: Patria aims to broaden its private market solutions beyond private equity to include venture capital, infrastructure, private credit, and real estate [62][63] - **LATAM Market Potential**: There is a significant opportunity for growth in the LATAM market, which is currently under-allocated to private equity compared to developed markets [55][66] Challenges and Considerations - **Market Conditions**: The dynamics in different LATAM countries vary significantly, affecting the pace of growth and investment opportunities [67] - **Investment Performance**: Maintaining strong performance is critical for client retention and attracting new investments [53] Additional Insights - **Historical Context**: The discussion reflects on the evolution of private equity, noting that the last decade has seen significant tailwinds that have now shifted, necessitating a focus on alpha generation rather than beta [36][38] - **Investment Philosophy**: Patria emphasizes the importance of sector specialization and operational value-add in mid-market investments, which differentiates them from larger players [24][25]

Group 1 - Warren Buffett emphasizes that building wealth does not need to be complicated and suggests that ordinary investors should avoid overcomplicating their investment strategies [2][3] - Buffett's first tip for investors is to "not swing at every pitch," which means waiting for the right investment opportunities rather than chasing every trend [4][5] - The article highlights the potential of diversifying investments through commercial real estate, which can provide additional cash flow and help manage risk [5][6] Group 2 - First National Realty Partners (FNRP) is mentioned as a private equity firm that allows accredited investors to invest in necessity-based commercial real estate leased by national brands, providing a structured investment process [6] - The Fine Art Group is noted for offering alternative investment opportunities in fine art, reporting a 14% return on its assets, which outperforms the S&P 500's annualized return of 11.88% [7]

Industry Overview - India's mergers and acquisitions market has reached nearly $41 billion in 2025, driven by significant deals from major players like Reliance, JSW Group, and Tata Sons [1] - Private equity activity in India is at its highest level in over a decade, with global investors and sovereign funds actively seeking opportunities alongside influential Indian conglomerates [1] Company Expansion - Navatar, a leader in AI-powered CRM for private markets, is expanding its operations in India with a dedicated local office and founders of Indian origin, providing deep market insights and necessary technology for Indian dealmakers [2] Technology and Features - Navatar's CRM integrates seamlessly with Outlook and Salesforce, automating data capture and transforming daily activities into structured intelligence without manual entry [4] - The platform is built on Salesforce and integrated with Microsoft Copilot, offering enterprise-grade AI and privacy safeguards to ensure client confidentiality [4] - AI-driven features include automated intelligence capture, deal origination and sourcing, buyer-seller matching, document intelligence, fundraising LP intelligence, and real-time workflow insights [7] Market Impact - As global capital flows into sectors such as healthcare, consumer goods, renewables, and technology, Navatar provides the infrastructure for Indian dealmakers to scale their operations confidently [5] - Hundreds of leading firms worldwide already utilize Navatar to enhance their competitive edge in winning mandates, deepening relationships, and closing deals more efficiently [5]

Core Insights - The article highlights the author's extensive background in finance, particularly in corporate finance, M&A, and investment analysis, with a focus on real estate, renewable energy, and equity markets [1] Group 1: Professional Background - The author holds a Master's degree in Banking & Finance from Université Paris 1 Panthéon-Sorbonne, indicating a strong academic foundation in finance [1] - The author's experience spans over 10 years in investment banking, showcasing a deep understanding of financial markets and investment strategies [1] - The author specializes in financial modeling, valuation, and qualitative analysis, which are critical skills for assessing investment opportunities [1] Group 2: Investment Focus - The author emphasizes a focus on sectors such as real estate and renewable energy, which are increasingly relevant in today's investment landscape [1] - The article suggests a commitment to sharing insights and analysis on companies of interest, aiming to engage with a global audience [1] Group 3: Engagement and Growth - The author expresses a desire to connect with readers and foster discussions, indicating an intention to build a community around informed investment decisions [1] - There is a clear motivation for continuous improvement and growth as a thought leader in finance, which may attract readers seeking expert opinions [1]

Private equity firms are doubling down on pouring funds into struggling companies but only a handful of them see meaningful or lasting improvement in their credit quality, according to S&P Global Ratings https://t.co/4ta7kBPLSR ...

Core Insights - The fifth annual Palm Beach CorpGov Forum will take place on November 5-6, 2025, at the Palm Beach Lake Pavilion, featuring panels and networking events [1][2] - The event is expected to attract around 300 attendees, including institutional investors, board directors, family offices, attorneys, investment bankers, and key advisors [2] - The forum will cover various topics including Private Equity, IPO Execution, Shareholder Activism, and Industry Panels on Cybersecurity, Real Estate, Blockchain, AI, and Sports [5][6] Event Details - The forum will run from 1 PM to 5 PM each day, followed by networking receptions from 5 PM to 7:30 PM [1] - The event will be digitized into a report and published by CorpGov and its content partners, including Yahoo Finance and Bloomberg [2] Speakers - Keynote speaker will be Josh Frank, Partner and Co-Investment Officer at Trian Fund Management, along with other notable speakers from various sectors [6]