private
It’s not just Jack — all work and no play makes private club members dull, too.Ned’s Club, a members-only space for DC’s highest achievers, opened in January 2025, just steps from the White House. While club management doesn’t demand that the elite members adhere to a strict set of rules,…
Have you heard the news? A new contagion is turning formerly healthy private equity firms into the walking dead. It’s not fungal, like in “The Last of Us,” a virus, like in “28 Days Later,” nor a magical reanimation like the original Haitian Vodou Zombis.Instead, it’s the result of a…
Private jets have begun buzzing above the cattle and potato farms of Sun Valley, Idaho, for the annual Allen & Co. Sun Valley Conference.For more than four decades, the Tuesday after July 4 has marked the kickoff of the annual summit, which has become known as billionaire summer camp. What…
Hello. Search and rescue operations continue in central Texas, where severe flooding has killed more than 80 people. Dozens are still missing.During a Sunday press conference, officials made what has become a familiar request during recent natural disasters: Don’t fly your personal drones over the disaster area.In today’s newsletter, lawyers…
Real estate, airlines, fashion.It might seem like private equity has climbed the mountain of the American economy, declaring everywhere the light touches as part of its kingdom.But one corner remains in the shadowlands: Law firms.Nearly every state has adopted a professional ethics rule from the American Bar Association forbidding lawyers…
The private equity industry’s chaotic junior hiring process — infamous for midnight interviews and exploding offers — has long captivated Wall Street.This year, it’s under fresh scrutiny after JPMorgan Chase warned incoming investment bankers they’d be fired for skipping job training to interview with buyout firms for roles that wouldn’t…
The CEO of America’s largest bank has long been skeptical of the rise of private credit, even as JPMorgan Chase jumps on the nonbank lending bandwagon in an effort to compete.”I think that people who haven’t been through major downturns are missing the point about what can happen in credit,”…
