Private Equity FunCast
by ParkerGale Capital
Latest episode
Amend and Pretend: Private Credit's Hidden Defaults (w/ Tuck Hardie…
Amend and Pretend: Private Credit's Hidden Defaults (w/ Tuck Hardie…
About this podcast
Your favorite GP's favorite podcast. Occasionally insightful, always entertaining. Deep dives into how private equity works, what happens after the deal closes, how money gets raised, and how companies get bought and sold. And everything in between with healthy doses of pop culture and humor. Straight from the team at ParkerGale Capital.
For educational and entertainment purposes only. Not investment advice. Additional disclosures at www.parkergale.com.
Episodes
The newest 50 of 354 episodes
- Amend and Pretend: Private Credit's Hidden Defaults (w/ Tuck Hardie, Houlihan Lokey) · 53 minDefaults look low. That doesn't mean everything is fine. Three years after "It's Restructuring Time!", one of the show's most downloaded episodes, William "Tuck" Hardie is back…
- Parker Gals | Just Ask the Question (w/ Caroline Phipps, ParkerGale) · 54 minShe had the question 10 minutes before the executive did. She stayed quiet—and spent the next 20 minutes kicking herself. Caroline Phipps, VP at ParkerGale, joins Cass to share…
- Why Nobody Defaults Anymore (w/ Kenny Tang, PitchBook) · 1 h 7 minDefault rates are under 1%. Yet about 1 in 9 leveraged loans trades below 90 cents on the dollar. Both are true. Devin sits down with Kenny Tang, head of U.S. credit research at…
- Parker Gals | Why an English Major Is a Secret Weapon in Finance (w/ Kate Nimmo, PSG) · 37 minShe was an English major who took a banking job in Seattle sight unseen, and eventually became an investor on PSG's healthcare team, focused on growth-stage software companies…
- How Private Equity Carves a Business Out of a Company · 50 minIn a corporate carve-out, figuring out what exactly you're buying is the hardest part. It's often a line-by-line exercise, requiring a scalpel to separate what stays and what…
- Parker Gals | How I Became a Chief of Staff (w/ Lena Diasti, Ariel Investments) · 39 minHer college career office was supposed to forward her resume to a foundation. Instead, Ariel Investments kept it, and she ended up working next to the founder. Liz sits down with…
- Measure Engineering Like You Measure Sales (w/ Dan Bender & Kirby Montgomery, Code & Co.) · 60 minIn 1982, Bill Atkinson made Apple's Lisa faster by deleting 2,000 lines of code, and the management form asked how many he wrote. Forty-four years later we're counting tokens…
- Parker Gals | Trust Over Transactions: The Heart of Private Equity (w/ Nori Welles-Gertz, ParkerGale) · 39 minWhat does it really take to build trust in private equity over a five-to-seven-year hold? Cass sits down with her colleague Nori Welles-Gertz, a principal at Parker Gale, to find…
- The Deal Closed. Now What? · 38 minInvestment diligence is all about answering two questions: Do we want to own this business? And what would we do with it if we did? But then the deal closes, and all those…
- Parker Gals | Building a Med Spa Roll-Up from Scratch (w/ Amanda Blank, Founders Beauty Group) · 42 minFirst, she sketched a med spa roll-up on maternity leave. Then, several law firms said it couldn't be done. Now? She owns five practices. Cass sits down with her old pal from…
- 11 Years as a PE-Backed CFO: What Sponsors Actually Want (w/ Jon Apter, Accordion) · 1 h 0 minHe left private equity, took a 75% pay cut, and joined a 12-person startup that was still finding its footing. Now, Jon Apter helps oversee 1,600 employees as CFO of Accordion –…
- Parker Gals | From Advising to Investing: Building a Career in PE (w/ Katie Yuan, Hg Capital) · 41 minWhat does it take to move from banking to the buyside, and what do you have to figure out once you're there? Liz sits down with Katie Yuan, a private equity associate at Hg in…
- Relationships are the Atomic Unit of Deal Flow (w/ Ken Fine, CEO of Affinity) · 1 h 11 minWe built our sourcing model around one goal: know every owner of every software company long before they decide to sell. Ken Fine, Affinity's CEO, joins us to explain why…
- Parker Gals | How a College Point Guard Built a PE Career (w/ Brogan Magnarelli, Riverspan Partners) · 50 minCass sits down with Brogan Magnarelli, Principal at Riverspan, to talk about her untraditional path into private equity — from point guard at Harvard to account manager at Boingo…
- Diminishing Returns to Scale in Private Equity (w/ Andrew Akers, PitchBook) · 1 h 9 minDevin's mom's only instruction to her financial advisor was "the number should never go down." Downside protection is often the most attractive part of investing in a mega buyout…
- Parker Gals | Why Private Equity is for Everyone (w/ Jessica Patton, 5th Century Partners) · 48 minWhat does it look like to "plant seeds" so aggressively that serendipity starts looking like a strategy? This week on Parker Gals, Cass sits down with Jessica Patton to trace her…
- Building Your 2027 AI Budget (w/ Justin D'Onofrio, Accordion) · 57 minCorporate AI spend in 2026 looked like a teenager loose at the mall with their parents' credit card. No policy, no budget, no discipline about what was purchased and why. That…
- Parker Gals | Everything's 'Figure-Out-Able': Going All In (w/ Hannah Song, Promus Equity Partners) · 50 minWhat does it look like to go "all in" at every stage of your career, even when you're not on the traditional track? This week on Parker Gals, Liz and Cass sit down with Hannah…
- Understanding Management Equity: What PE CEOs Should Know · 44 minPaul and Ryan break down what PE-backed executives should know about their management equity: how the economics work, what's worth negotiating, and how you can use it to start…
- What's Wrong in Private Equity (w/ Lee McCabe) · 1 h 7 minWhat if the future of private equity looks exactly like its past? The days of cheap debt and multiple expansion are over, so the only way to win going forward is to operate your…
- Parker Gals | The PE Career Path Nobody Plans For (w/ Angela McCoy, May River) · 47 minCass sits down with Angela McCoy, Managing Director at May River, a private equity firm investing in lower middle market industrial businesses. Angela shares her journey from…
- Can You Still Trust Tech Due Diligence? (w/ Jason Gill & Kirby Montgomery, Code & Co.) · 1 h 15 minWhat if the thing founders are proudest of in diligence — "AI wrote most of our code" — is actually the reason investors should worry? Jim sits down with Jason Gill and Kirby…
- Parker Gals | Private Equity Isn't Just for "PE Guys" (w/Caroline Carman, Rallyday Partners) · 41 minIn this episode of Parker Gals, Liz Xu sits down with her former JPMorgan colleague and friend Caroline Carman, Senior Associate at Rallyday Partners, a lower middle market…
- How PE Firms Are Actually Using AI Right Now (w/ Kate Hopkins, OneGuide) · 57 minDevin and Cass sit down with Kate Hopkins, founder of OneGuide, to break down the 36 AI value creation plays private equity firms and portfolio companies are running right now…
- Parker Gals |The Career Switcher's Guide to Private Equity (w/ Maggie Pugel, Frontenac) · 34 minIn this episode, host Cass Ziebel sits down with Frontenac VP Maggie Pugel for a candid conversation about breaking into private equity the non-traditional way. Maggie shares how…
- Another False Start: PitchBook's H1 2026 Private Equity Data (w/ Steven Buibish) · 1 h 9 minThe private equity market in 2026 was supposed to rip. So why has it fallen flat? Devin sits down with Steven Buibish, CFA, Director of US Private Equity Research at PitchBook…
- Introducing "Parker Gals": Meet Cass & Liz · 49 minWelcome to Parker Gals — the podcast by and for women in private equity. Hosts Cass Ziebel and Liz Xu kick off the very first episode from ParkerGale HQ in Chicago, introducing…
- Private Equity's About to Get a Lot Less Private (w/ Kevin Hsu of Lumonic) · 1 h 1 min40% of PE firms and 60% of credit funds still track their portfolios on spreadsheets. That's now a way to monitor a few trillion in AUM. Private equity (and credit) are about to…
- PE GUY Meets an Actual PE Guy · 1 h 18 minPE GUY turned a Snapchat filter into millions of views and a seven-figure business. Host Devin Mathews (a real PE guy) conducts due diligence on Johnny Hilbrant Partridge's…
- From Sales Rep to $4B GTM Leader: The Playbook for Building Sales Teams (w/ Sam Levy of NetSuite) · 1 h 8 minSam Levy's first sales job involved a phone book, a rotary phone, and 200 cold calls for one yes. He was still in college when he started a telemarketing gig with no playbook, no…
- How a Tough PE Market & AI are Changing Exec Search (w/ Nick Cromydas of Hunt Club) · 52 minThe deep Rolodex model for headhunters doesn't cut it anymore. PE's cookie-cutter hiring scorecards now miss the best candidates in a complex world. And more and more funds are…
- Financial Modeling Will Never be the Same (w/ Tarun Amasa of Endex) · 58 minIn the past year, Excel AI plugins have become increasingly powerful, raising the question: Are Analysts and Associates about to become obsolete, or are we entering the age of…
- Private Equity is Coming For Your 401(k) (w/ PitchBook's Nizar Tarhuni) · 54 minYour 401(k) is about to get access to private equity, but how, in what form, and at what price are all still TBD. Which is kind of a problem for such a big change. The pitch for…
- Will AI Kill Consulting? (w/ IGS CEO Matt Umscheid) · 59 minAI is reshaping the consulting industry faster than the internet or remote work ever did. Some say the industry's days are numbered. So why are Anthropic and OpenAI building…
- How Private Equity Is Rethinking AI & Tech Due Diligence (According to Code & Co.) · 1 h 23 minArtificial intelligence is changing the rules of software investing, forcing private equity firms to adapt quickly and carefully. In this episode, we're joined by the team from…
- What's Working NOW At Private Equity Owned Companies · 24 minIt's hard to execute today. Growth has slowed, and costs are up. If you own, advise, or operate a PE-backed company, this episode offers a behind the scenes look at some plays…
- Inside Private Equity's AI-led Transformation (w/ Kyle Roemer of Accordion) · 1 h 17 minEveryone says they are one-shotting workflows with AI. We brought on the guy who can tell us what's actually happening in middle-market private equity companies. Kyle Roemer…
- How We Broke Into Private Equity · 41 minHow do you make the leap from the college quad to private equity? Associates Liz Xu and Niko Ivanisevic share their unexpected journey to the offices of ParkerGale. They get…
- The Secret Formula to Drive Your Company's Growth · 59 minMost B2B software companies have more growth left in what they already sell. This framework shows exactly where to find it — and where to stop looking. Jim Milbery and Paul…
- The Right Way to Hire Salespeople · 1 h 0 minMost B2B sales reps are professionally trained to make you like them in 30 minutes. But when you're recruiting salespeople, likability doesn't guarantee success. Make the wrong…
- How Operating Partners Create Value in Private Equity · 46 minMost private equity firms claim to use a leather-bound "value creation" bible nobody's allowed to touch. The truth? It's more of a Cheesecake Factory menu. In this episode, Paul…
- The Evolution of PE Ops · 1 h 0 minIn 1995, the typical "PE operating team" was a few old-timer ex-CEOs. Today there are 20,000 of them. Cass and Paul from ParkerGale's ops team sit down with Devin to walk through…
- 10 Lessons From 10 Years Running Our Own Private Equity Firm · 1 h 2 minDo operating teams matter? Why is sourcing broken? Are add-ons a strategy or a crutch? What firms have actually "stayed small?" In this episode, Devin and Jim get introspective…
- The Private Equity Glossary - 50(ish) Terms You Should Know · 1 h 12 minLPs. GPs. Carry. Waterfalls. Pari passu. The unlock. Quantum. De-Risk. Niko originally thought one of these was a French dish. Liz wants to ban another from all future meetings…
- The Ghost of Software Future · 1 h 30 minIn February of this year, an obscure research report triggered a $1 trillion wipeout in software stocks in seven days. In this episode we decipher what actually happened — and…
- When And How To Sell Your Company · 59 minSelling a company isn't just about price - it's about timing, preparation and process. In this episode, Devin sits down with Ryan Milligan to break down how to sell a company…
- You Just Bought A Company. Now What? · 53 minEveryone loves the chase but what happens when the ink dries on the deal and you actually own a company? In this episode, Jim sits down with Paul Stansik to pull back the curtain…
- How Private Equity ACTUALLY Buys Companies · 1 h 23 minIt all starts with an acquisition, but most people don't understand how private equity firms actually find and buy companies. Devin sits down with Ryan Milligan to break down the…
- How to Survive Raising Your First Private Equity Fund · 1 h 17 minRaising your first private equity fund is humbling. Like Lloyd Dobler holding a boombox outside an LP's window, you need to be committed and creative. It took us over 150…
- How do you start a private equity firm from scratch? · 1 h 13 minIn this episode, Devin and Jim rewind to 2014 — and a $12 bottle of Cabernet at the Macaroni Grill — where they hatched the plan to leave their firm and build a new private…
