From start-ups to leveraged buy-outs. Map the spectrum ofprivate equity (VC, growth, buy-out) and private debt (direct lending,mezzanine, distressed).

• Key terms: committed vs. called capital, exit routes, GP/LP economics.
• Risk–return expectations and why valuation lags can mask volatility.
• Diversification benefits and where private capital slots into a broader portfolio.

Essential listening before you quote IRRs at networking drinks.