The private equity market is splitting at the seams. Megadeal activity through the first nine months of 2025 ran 31% above 2024’s count, with 47 transactions of $5 billion or more, per PwC. That concentration at the top leaves the middle market to a different competitive set — one that JP Conte has been operating […]
Continue readingMonth: July 2026
A Decade of Deals Defined Kelcy Warren’s Company
Look at the string of acquisitions Kelcy Warren has overseen and a pattern emerges. Nearly every major purchase added either scale or a new commodity stream to Energy Transfer, turning what began as a single-product gas gatherer into a diversified midstream operator. The 2011 Southern Union purchase, valued at 7.9 billion dollars, brought in the […]
Continue readingHow a Spanish Licensing Rule Handed Alejandro Betancourt López a €200 Million Win
Spain caps private-hire vehicle licences at one for every thirty taxi drivers. The government fixed that ratio in 2015, and with a single rule it turned a bureaucratic footnote into one of the more profitable asset plays in recent Spanish business history. That mechanism is worth sitting with. Supply of the permits was sealed at […]
Continue readingWhy Sector Diversification Defines This Investor’s Portfolio Strategy
Concentrated bets can generate outsized returns, but they also carry outsized risk, which is why many seasoned venture investors deliberately diversify across sectors that respond differently to economic cycles. Yazan Al Homsi, known for cross-sector bets has built a portfolio spanning clean hydrogen, AI-driven healthcare, and industrial recycling, three categories with meaningfully different risk and […]
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