Dean Mihas
Showing 1–2 of 2 transcripts.
- Milken Institute1h 14m
Navigating Liquidity Challenges in Private Equity | Global Conference 2026
Ivan Lehon, Jenny Chan, Dipanjan "DJ" Deb, Dean Mihas, Yann Robard, Jonathan D. Sokoloff, Paul Taubman, DJ, Jan Robart
Private equity leaders characterize the current liquidity environment as a crisis marked by valuation gaps and extended hold periods, prompting a strategic pivot from traditional IPOs and M&A toward continuation vehicles as a permanent structural solution. Panelists from firms including Francisco Partners, Leonard Green, and Dawson Partners highlight how AI-driven margin improvements and revised underwriting practices are redefining value creation while raising the stakes for fund exits that must now prioritize tangible DPI over theoretical IRR. This shift has spurred the largest single-asset continuation vehicle funds to date and is forcing the industry to adapt fund structures beyond the traditional 10-year model to manage a surplus of private assets against constrained public market capacity.
- Milken Institute57 min
Middle Market Private Equity: The Smart Money's Next Move | Global Conference 2025
John L. Bowman, R. David Andrews, Dean Mihas, Molly Murphy, Scott Spielvogel, Andrew Weinberg
Managing nearly $25 trillion, the alternatives industry is pivoting from financial engineering to operational excellence and AI-driven value creation amid an elongated market cycle characterized by suppressed IPO activity and limited M&A supply. Industry leaders are refining differentiation strategies through aggressive AI deployment, specialized management screening by industrial psychologists, and creative exit tactics like recapitalizations to navigate geopolitical volatility and valuation dislocations. As the sector adapts to a future where 98% of finance jobs face AI disruption, general partners are evolving into long-term operating partners to capitalize on the impending $105 trillion wealth transfer while prioritizing earnings quality over gross multiples.