Private Equity Mechanics
Private equity relies on two primary levers to generate outsized equity returns: financial leverage (debt) and structural asymmetry (the GP/LP waterfall). This domain covers the core arithmetic.
LBO Mechanics
The math behind debt paydown, multiple expansion, and EBITDA growth.
GP/LP Fund Structures
How capital is committed, drawn, and returned.
Carry Waterfalls
European vs American waterfalls, catch-ups, and clawbacks.
Value Creation Bridges
Attributing equity return to operational vs financial engineering.