PE Research — Expert insight on Private Equity
In-depth analyses and a weekly press review, by Gilles Mougenot — founder of Argos, Senior Advisor at Argos Fund, former Chairman of France Invest.

The Private Equity press review, every Monday
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Press Review
The weekly edition, every Monday.

Private Equity Press Review — Week 42 (12 – 18 October 2026)
1. France, first half of 2026 (excluding infrastructure funds): fundraising down 30%, steady investment and a rebound in exits (about +4%, +24% including infrastructure funds),

Private Equity Press Review — Week 41 (October 5 – 11, 2026)
1. European Private Equity in Q3: volumes fall, nearly half of deal value involves a US sponsor — and fundraising concentrates in fewer than a

Private Equity Press Review — Week 40 (September 28 – October 4, 2026)
1. Third quarter: exits rebound in value, not in volume — and fundraising, edging up, concentrates in far fewer funds PitchBook’s Q3 2026 Global PE
Analyses

30. VC vs. Buyout: The American Match in Five Rounds
Based on data from PitchBook’s “Quantitative Perspectives: US Market Insights,” Q3 2026 I worked my way through PitchBook’s latest quarterly report, “Quantitative Perspectives: US Market

29. What is a continuation fund, and why is it so successful?
1. A structural tool that should stop being treated as an anomaly Start with the order of magnitude, because it disposes of most of the

28. Transaction Value 2025: what the new Invest Europe report really shows
The Invest Europe Transaction Value 2025 report covers ten years and 435,000 European deals: record equity cushions, the tech-healthcare rotation, and the real UK vs France match. A critical reading.

26. Private Equity: An Asset Class Come of Age
I. A change of dimension: an industry that has changed in nature since 2000 In 2000, global private equity represented a few hundred billion dollars

22. The Consolidation of Private Equity Players: Darwinian Reality or Fashionable Narrative?
« The process of innovation is one of creative destruction: it incessantly revolutionises the economic structure from within, incessantly destroying the old one, incessantly creating

17. The LBO Asymmetry
There is a moment in private equity that is almost never discussed publicly, yet every practitioner knows it: the moment when the chief executive must
Gilles Mougenot
A Private Equity professional for forty years. Author of Tout savoir sur le Capital Investissement, whose 7th edition was published in 2025. I created this site to comment regularly on a fast-moving field where in-depth analysis remains rare.
