Welcome back to the Alt Goes Mainstream podcast.

On today’s show, we have a private equity expert who is as thoughtful and sharp as they come.

Graham Elton is the Chairman of Bain & Company’s EMEA Private Equity practice, where he’s helped many of the largest PE and alts firms navigate a growing market and build successful businesses.

Graham has also spearheaded the industry standard in reports — the Bain PE Practice Report — which is read by many across the industry.

Many of the world’s largest GPs often turn to Graham for advice on their business due to his background as an operator, investor, and strategic consultant. He previously ran multiple media businesses – he was the CEO at Miller Freeman UK, was a MD at The Financial Times  Business, a strategy director at Pearson, and a Partner at Evolution Global Partners.

He serves on a number of boards, including Lane Clark & Peacock, Pageant Media, Capital Economics, SLR Consulting, and Now Teach and National Youth Centre.

He was awarded a MBE for his services to the economy in the Queen’s 2020 Birthday Honours List.

Graham and I had a fascinating conversation about the evolution of private equity - and what the growth of the industry has meant for GPs and LPs alike. We discussed:

• How the $3.7 trillion in dry powder in private equity will get put to work.
• The business of private equity and how funds have evolved into platforms.
• How the growing size of PE has paved way for the opening up of the retail channel for fundraising.
• What the future of private equity looks like.
• The narrowing differences between public and private markets.

Thanks Graham for coming on the Alt Goes Mainstream podcast to share your wisdom.