# Deal Talk: the investor podcast, by episode > Deal Talk: Private markets leaders on funds, deals and where capital is going. 25 episodes, each linked to the investors in it. Source: https://millionrounds.com/podcasts/deal-talk (Millionrounds; every figure on the page links to its filing or article) LPs · new episode 7 Jul 2026 # Deal Talk Hosted by **Moonfare** Private markets leaders on funds, deals and where capital is going. Follow on Apple PodcastsBrowse the episodes **25** episodes **16** investors heard as guests **49 min** an average episode 2 in the last 12 months ## The regulars Investors named as guests in the most episode titles on Deal Talk. [AA *1* **Azeem Azhar** 1 episode](https://millionrounds.com/person/azeem-azhar)[BM *1* **Blythe Masters** FNZ](https://millionrounds.com/person/blythe-masters)[BR *1* **Brian Ruder** Permira](https://millionrounds.com/person/brian-ruder)[BT *1* **Bryan Taylor** Advent International](https://millionrounds.com/person/bryan-taylor)[CS *1* **Christian Sinding** EQT](https://millionrounds.com/person/christian-sinding)[DF *1* **David Fialkow** General Catalyst](https://millionrounds.com/person/david-fialkow)[DR *1* **David Rubenstein** The Carlyle Group](https://millionrounds.com/person/david-rubenstein)[DP *1* **Dipan Patel** Permira](https://millionrounds.com/person/dipan-patel)[HT *1* **Hemant Taneja** General Catalyst](https://millionrounds.com/person/hemant-taneja)[JT *1* **Jason Thomas** Bridge Venture Fund](https://millionrounds.com/person/jason-thomas)[JL *1* **Jeff Lieberman** Insight Partners](https://millionrounds.com/person/jeff-lieberman)[JH *1* **Johannes Huth** KKR ASIA PROPERTY PARTNERS](https://millionrounds.com/person/johannes-huth) ## Every episode 25 · page 1 of 1 - 25 **New Mountain’s Steve Klinsky: The distribution backlog is a timing issue, not a PE issue** 7 Jul 2026 · 44 min [Steve Klinsky](https://millionrounds.com/person/steve-klinsky)[New Mountain Capital](https://millionrounds.com/fund/new-mountain-capital) About this episode Steve Klinsky has been in private equity since before it was an industry. He co-founded Goldman Sachs' first buyout group in 1981, later had a front-row seat at the famous RJR Nabisco deal and, in 1999, started New Mountain Capital by rejecting the then-prevalent debt-heavy style of dealmaking. Today, the firm manages… ▶Show page - 24 **Hemant Taneja, CEO of General Catalyst: Great founders always strive for excellence** 27 Jan 2026 · 39 min [Hemant Taneja](https://millionrounds.com/person/hemant-taneja) About this episode This edition of Deal Talk features a conversation with Hemant Taneja, CEO of General Catalyst, one of the world’s most prominent venture firms with more than $40 billion in assets under management and a portfolio of over 800 companies, including Stripe, Airbnb, Canva and Snap. Taneja’s background is notable: born in… ▶Show page - 23 **Bryan Taylor, Advent’s Managing Partner: Europe is nearing its golden years of tech investing** 8 Oct 2025 · 32 min [Bryan Taylor](https://millionrounds.com/person/bryan-taylor) About this episode Bryan Taylor has been investing in technology for over 25 years, the last six years at Advent as Managing Partner. He’s been involved in a number of major transactions, such as one involving Wiz, a leading cloud security company, and McAfee, a global provider of antivirus and cybersecurity solutions. Boston-based… ▶Show page - 22 **Moonfare Insider Talks Episode 01: Azeem Azhar** 4 Sept 2025 · 57 min [Azeem Azhar](https://millionrounds.com/person/azeem-azhar) About this episode Azeem Azhar is an investor, entrepreneur, best-selling author and creator of Exponential View, a leading newsletter and podcast on technology’s future. Known for spotting emerging technology like DeepSeek, he’s been at the forefront of tech’s impact on society. His work has appeared in the Financial Times, New York… ▶Show page - 21 **Nic Humphries, Executive Chairman at Hg, on firm’s unique approach to exits** 26 Aug 2025 · 39 min [Nic Humphries](https://millionrounds.com/person/nic-humphries) About this episode Nic Humphries is one of Europe’s most prolific technology investors and the Senior Partner and Executive Chairman of Hg, a specialist in enterprise software with over $75 billion in assets under management and a portfolio of more than 50 companies. Nic became part of Hg in 2001, where he also served as CEO for ten… ▶Show page - 20 **Permira’s co-CEOs Brian Ruder and Dipan Patel: We see interesting opportunities for take-privates** 20 Nov 2024 · 52 min [Brian Ruder](https://millionrounds.com/person/brian-ruder)[Dipan Patel](https://millionrounds.com/person/dipan-patel) About this episode Founded in 1985, Permira has invested around €75 billion in hundreds of businesses worldwide from a platform that spans large-cap private equity, growth equity and credit strategies. Brian and Dipan have played key roles in expanding the firm’s global presence and diversifying its investment strategies. In their… ▶Show page - 19 **Robert F. Smith, Founder, Chairman and CEO of Vista: Emerging technologies are creating opportunities for software investors** 25 Sept 2024 · 57 min [Vista Equity Partners](https://millionrounds.com/fund/vista-equity-partners) About this episode Robert F. Smith is the Founder, Chairman and CEO of Vista Equity Partners, an investment firm that specialises in enterprise software. Originally from Colorado, Smith began his career as an engineer before moving into finance, where he developed a focus on the tech industry. Under Smith's leadership, Vista Equity… ▶Show page - 18 **Hugh MacArthur, Chairman at Bain & Company: It’s a fantastic time to invest in secondaries** 16 Sept 2024 · 60 min [Bain & Company](https://millionrounds.com/fund/bain-and-company) About this episode Hugh MacArthur is the Chairman of Bain & Company’s Global Private Equity Practice, which he helped establish over 25 years ago. With a wealth of experience advising private equity funds worldwide, he has been involved in hundreds of projects focusing on deals, strategy and operations. A recognised thought leader,… ▶Show page - 17 **Mike O’Sullivan, Moonfare’s Chief Economist: Unlike the internet, AI is the domain of private markets** 14 Aug 2024 · 31 min About this episode In this Deal Talk conversation, Steffen Pauls, Moonfare’s founder and co-CEO, and Mike O’Sullivan, chief economist, explore the current technological revolution that promises to surpass the internet and the smartphone. Is this all just hype, or the dawn of a new era? Drawing parallels with the early 2000s internet… ▶Show page - 16 **Christian Sinding, CEO and Managing Partner of EQT: I've always been the ‘why not’ person** 7 Jun 2024 · 1h 1m [Christian Sinding](https://millionrounds.com/person/christian-sinding) About this episode The seasoned private equity dealmaker joined Steffen Pauls, Moonfare’s Founder and CEO, in another edition of the Deal Talk interviews. Christian Sinding is the CEO and Managing Partner of EQT, one of the largest private equity firms globally. With over 25 years of experience, Sinding has been instrumental in… ▶Show page - 15 **Carlyle's David Rubenstein on democratisation of PE and the future of the asset class** 8 Feb 2024 · 39 min [David Rubenstein](https://millionrounds.com/person/david-rubenstein)[Jimmy Carter](https://millionrounds.com/person/jimmy-carter) About this episode The iconic private equity leader was the guest of our first Deal Talk in 2024, hosted by Steffen Pauls, Moonfare’s co-CEO and Founder. David Rubenstein is the Co-Founder and Co-Chairman of Carlyle, one of the world’s largest and most successful private investment firms. Established in 1987, Carlyle now manages $382… ▶Show page - 14 **KKR Global Institute's General David Petraeus on current geopolitical frictions, economic uncertainty and AI** 8 Feb 2024 · 53 min [David Petraeus](https://millionrounds.com/fund/david-petraeus)[US Army](https://millionrounds.com/fund/us-army) About this episode In conversation with Moonfare, General David Petraeus, the former Director of the CIA and decorated US Army leader (Ret.), spoke about current geopolitical frictions, economic uncertainty, the implications of artificial intelligence and more. Now serving as a Partner at KKR and Chairman of the KKR Global Institute,… ▶Show page - 13 **CVC's Søren Vestergaard-Poulsen on superiority of the PE ownership model** 8 Feb 2024 · 58 min About this episode Søren Vestergaard-Poulsen was the guest of our 12th edition of the Deal Talk series, in which Moonfare’s CEO and founder, Steffen Pauls, talks to some of the world’s most prominent names in private equity dealmaking. Søren, who joined CVC in 1998, is a managing partner and co-chairs CVC's private equity board and… ▶Show page - 12 **Francisco Partners' Dipanjan ‘DJ’ Deb on investing in PE and taking a long term view** 8 Feb 2024 · 38 min [Francisco Partners](https://millionrounds.com/fund/francisco-partners) About this episode Dipanjan ‘DJ’ Deb, Co-Founder and CEO at Francisco Partners, joined Moonfare’s Co-CEO, Lorenz Jüngling, for the latest episode of the Deal Talk series, our regular fireside chats with leading global private equity dealmakers. Based in San Francisco, Dipanjan ‘DJ’ Deb leads one of the most active and largest… ▶Show page - 11 **KKR’s Henry Kravis on investing in downturns, lessons learned from past crisis and times of uncertainty** 28 Jul 2023 · 1h 1m [Henry Kravis](https://millionrounds.com/fund/henry-kravis) About this episode Moonfare’s founder and CEO, Steffen Pauls, hosted Henry Kravis, Co-Founder and Co-Executive Chairman of KKR and one of the most influential people in the private equity industry. Kravis talked about the power of curiosity, showing courage in the face of uncertainty, lessons learned from past crises, his views on… ▶Show page - 10 **Motive Partners’ Blythe Masters on the impact of generative AI on fintech** 29 Jun 2023 · 59 min [Blythe Masters](https://millionrounds.com/person/blythe-masters) About this episode How has Motive’s founding partner managed the transition from blockchain entrepreneur to signing off equity cheques for fintech investments? And what impact does she think high interest rates and trends such as AI will have on the space? Subject to eligibility, capital at risk. ▶Show page - 9 **Carlyle’s Jason Thomas on the fallout from SVB’s collapse, shifting focus and opportunities for private investors** 25 May 2023 · 1h 5m [Jason Thomas](https://millionrounds.com/person/jason-thomas) About this episode In the wake of SVB’s sudden fall, how does Carlyle’s Head of Global Research assess its impact on the private equity industry? What is the focus now for companies in an environment of rising rates, and what opportunities could this create for patient investors? Subject to eligibility, capital at risk. ▶Show page - 8 **Insight’s Jeff Lieberman on software’s fundamental role in growth** 25 May 2023 · 55 min [Jeff Lieberman](https://millionrounds.com/person/jeff-lieberman) About this episode How does data analytics impact the Insight Partners’ managing director’s decision-making process, and in his eyes, what makes for a good entrepreneur? This episode was recorded on 9 November 2022. Subject to eligibility, capital at risk. ▶Show page - 7 **Hg’s Justin Von Simson on the key to successful businesses in private equity** 25 May 2023 · 59 min About this episode What does the Hg CEO think is the key function when it comes to tech investing? What does he make of the current macro environment? And how can outside parties evaluate PE funds? This episode was recorded on October 21, 2022. Subject to eligibility, capital at risk. ▶Show page - 6 **General Catalyst’s David Fialkow on the need for patience in VC investing** 25 May 2023 · 56 min [David Fialkow](https://millionrounds.com/person/david-fialkow) About this episode Why does the Co-Founder of General Catalyst think his firm’s scale will help it during the tough VC market? And why is sticking with companies for longer vital when it comes to value creation? This episode was recorded on 29 September 2022. Subject to eligibility, capital at risk. ▶Show page - 5 **Vinod Khosla on taking risks to hunt the biggest rewards in VC** 25 May 2023 · 60 min [Vinod Khosla](https://millionrounds.com/fund/vinod-khosla)[Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) About this episode Why is the Khosla Ventures founder unphased by taking on a larger probability of failure with some of his investments? And what are the ‘unfair advantages’ he seeks out in potential portfolio companies? This episode was recorded on 15 September 2021. Subject to eligibility, capital at risk. ▶Show page - 4 **Permira’s Kurt Björklund on shifting private equity’s investing mindset** 25 May 2023 · 41 min About this episode Why does Permira’s managing partner think private markets investors need to shift from risk-aversion behaviour to an upside-optionality mindset? And how does the private company governance model hold the edge over public ones when it comes to value creation? This episode was recorded on 18 May 2021. Subject to… ▶Show page - 3 **Founders Fund’s Lauren Gross on how to identify the next wave of unicorn entrepreneurs** 25 May 2023 · 41 min [Lauren Gross](https://millionrounds.com/person/lauren-gross)[Founders Fund](https://millionrounds.com/fund/founders-fund) About this episode How does the Founders Fund partner and COO think that the firm’s agnostic approach has helped its success? And how does concentrating capital into specific investments such as SpaceX and Stripe feed into that? This episode was recorded on April 22, 2021. Subject to elibility, capital at risk. ▶Show page - 2 **EQT’s Marcus Brennecke on why making mistakes is the making of a good investor** 25 May 2023 · 41 min [Marcus Brennecke](https://millionrounds.com/person/marcus-brennecke) About this episode Why does the EQT Partner and CO-Head of EQT Group Private Equity Advisory team count listening to a diverse range of opinions as a key for success? And how does he manage investing across different economic cycles? This episode was recorded on 25 March 2021. Subject to eligibility, capital at risk. ▶Show page - 1 **KKR’s Johannes Huth on why private markets private equity’s ability to create its own opportunities** 5 Apr 2023 · 30 min [Johannes Huth](https://millionrounds.com/person/johannes-huth) About this episode Why does KKR’s Head of EMEA think private markets can outperform its peers in the event of market dislocation? And what is the implication of the huge amount of dry power investors have to deploy? This episode was recorded on 25 February 2021. Subject to eligibility, capital at risk. ▶Show page ## Who the show talks about Firms named in its episodes, and people named in descriptions: talked about, rather than on the show. [**Bain & Company** *1*](https://millionrounds.com/fund/bain-and-company)[D **David Petraeus** *1*](https://millionrounds.com/fund/david-petraeus)[**Founders Fund** *1*](https://millionrounds.com/fund/founders-fund)[**Francisco Partners** *1*](https://millionrounds.com/fund/francisco-partners)[H **Henry Kravis** *1*](https://millionrounds.com/fund/henry-kravis)[J **Jimmy Carter** *1*](https://millionrounds.com/person/jimmy-carter)[**Khosla Ventures** *1*](https://millionrounds.com/fund/khosla-ventures)[**New Mountain Capital** *1*](https://millionrounds.com/fund/new-mountain-capital)[**US Army** *1*](https://millionrounds.com/fund/us-army)[V **Vinod Khosla** *1*](https://millionrounds.com/fund/vinod-khosla)[**Vista Equity Partners** *1*](https://millionrounds.com/fund/vista-equity-partners) ## More shows like this - [**Capital Allocators** Ted Seides 834 episodes](https://millionrounds.com/podcasts/capital-allocators) - [**How I Invest** David Weisburd 446 episodes](https://millionrounds.com/podcasts/how-i-invest) - [**In Good Company** Nicolai Tangen, Norges Bank Investment Management 296 episodes](https://millionrounds.com/podcasts/in-good-company) - [**Money Maze Podcast** Money Maze 246 episodes](https://millionrounds.com/podcasts/money-maze)