Private Equity Podcast: Karma School of Business
Private equity insights for and with top business builders, including investors, operators, executives and industry thought leaders. The Karma School of Business Podcast goes behind the scenes of PE, talking about business best practices and real-time industry trends. You'll learn from leading professionals and visionary business executives who will help you take action and enhance your life, whether you’re at a PE firm, a portco or a private or public company. BluWave Founder & CEO Sean Mooney hosts the Private Equity Karma School of Business Podcast. BluWave is the business builders’ network for private equity grade due diligence and value creation needs. To learn more, visit: https://bit.ly/3oPBjs8
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Private Equity Value Creation Through Focus, Talent, and Go-to-Market Discipline
12/17/2025
Private Equity Value Creation Through Focus, Talent, and Go-to-Market Discipline
Rob Turano, Operating Partner at Bloom Equity Partners, breaks down the playbook he uses to transform lower middle-market software companies—from sharpening product focus to elevating talent and building repeatable go-to-market engines. He shares how Bloom integrates operating partners early in diligence, accelerates transformation in the first 12–18 months, and instills a performance culture rooted in data, speed, and ownership. Rob also gets personal, from his love of cooking to the practices he uses to think more clearly as a leader. It’s a sharp, candid look at what real value creation in private equity demands today—hit play and take notes. Episode Highlights 1:31 – Growing up in New Jersey, Villanova roots, and the consulting-to-private-equity path 5:56 – Why food matters in Rob’s life and how he became Bloom’s unofficial in-house chef 9:22 – The three traits Bloom looks for: focus, management strength, and GTM maturity 14:38 – Selling value vs. selling features—and why every salesperson must think like a CFO 20:49 – How Bloom’s deal, BD, and operating teams collaborate from diligence through execution 27:45 – The urgency of the first 6–12 months and the sequencing of transformation in PE 36:18 – Rob’s top advice to PortCos today: talent first, disciplined KPIs, and repeatable GTM engines 40:25 – The book shift that made Rob more creative—and the life hack that helps him think clearly For more information on Bloom Equity Partners, go to For more information on Robert Turano, go to
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Private Equity Value Creation Through Focus, Culture, and Tenacity
12/03/2025
Private Equity Value Creation Through Focus, Culture, and Tenacity
Eliot Kerlin, Founder and Managing Partner of Broadwing Capital, shares the unconventional path that took him from pre-med to private equity and the principles that now guide his firm’s approach to building durable, high-performing companies. He unpacks Broadwing’s value-creation playbook, the importance of forecasting NTM cash flow, and why culture, people analytics, and in-person leadership sit at the center of long-term success. Eliot also reflects on the tenacity required to launch a firm—and the clarity needed to focus on what truly matters. It’s a grounded, thoughtful conversation that sharpens anyone building or leading in today’s private equity landscape. Episode Highlights: 1:04 – Growing up in Texas, early influences, and the winding path from pre-med to finance 3:44 – Breaking into Wall Street from a non-target school and the power of persistence 10:51 – Lessons from hands-on jobs and how service work shapes leadership instincts 17:54 – What makes a “good business” vs. a “good investment” and why NTM cash flow matters most 26:55 – The tenacity and structure behind launching Broadwing Capital in a tough fundraising market 33:42 – How Broadwing builds culture, trust, and alignment inside portfolio companies 48:35 – Eliot’s most influential books and the thinking frameworks he uses to lead and invest For more information on Broadwing Capital, go to https://broadwingcap.com/ For more information on Eliot Kerlin, go to https://www.linkedin.com/in/eliot-kerlin-89432b/
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Private Equity Sourcing, Culture, and Data Discipline at Monomoy
11/19/2025
Private Equity Sourcing, Culture, and Data Discipline at Monomoy
Renn Iaboni, Managing Director at Monomoy Capital Partners, joins Sean to discuss how disciplined sourcing, cultural alignment, and a 15-year proprietary data engine shape Monomoy’s approach to private equity. He shares how engineering training, relationship-driven BD, and resilience forged through career adversity inform the way he builds high-trust deal pipelines. Renn also details how Monomoy’s Beacon platform connects BD, investment, and credit teams to operate as one cohesive firm. It’s a candid look at what modern private equity excellence really requires — and why Monomoy’s model stands apart. Episode Highlights 1:19 – Growing up in New York, engineering ambitions, and the winding path into private equity 3:04 – How engineering training equips professionals for ambiguity and problem-solving in PE 9:40 – Renn’s pivotal career setback at Macquarie and how building a new practice became an inflection point 14:46 – Why Monomoy’s integrated model works and how cross-functional collaboration is reinforced 17:53 – Inside “Beacon,” Monomoy’s proprietary CRM and sourcing engine 20:58 – A real case study: tracking Wapac for years and how long-term data compounds sourcing advantages 23:54 – Renn’s advice to his 22-year-old self and how energy, not passion alone, should guide career choices
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Drew Meyers on Value Creation at Seaport
11/05/2025
Drew Meyers on Value Creation at Seaport
In this episode of Karma School of Business, Sean Mooney interviews Drew Meyers, Partner at Seaport Capital. Drew shares how his unconventional path—from off-track betting to M&A integration—shaped his approach to lower middle-market private equity. He breaks down Seaport's focused strategy on founder-led businesses, where they invest early in professionalization across strategy, sales, and finance. The conversation covers everything from the importance of relationships and never burning bridges to how BluWave helps Seaport access cost-effective resources tailored to smaller portfolio companies. Episode Highlights: 2:00 - Drew's winding path into PE, including bartending and selling industrial insulation 6:00 - Why M&A integration experience is valuable training for private equity 13:00 - Working with founder-led businesses and understanding the founder mindset 19:00 - Seaport's three-part value creation playbook: strategy, sales, and finance 29:00 - How to professionalize early-stage companies without overspending 32:00 - Finding cost-compatible resources for $3M EBITDA businesses 35:00 - Career advice: never burn bridges and do things the right way For more information on Seaport Capital, go to https://www.seaportcapital.com/ For more information on Drew Meyers, go to https://www.linkedin.com/in/drew-j-meyers/
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Private Equity in Q3 2025: Moving from Defense to Offense
10/22/2025
Private Equity in Q3 2025: Moving from Defense to Offense
In this special edition of the Karma School of Business, Sean Mooney, Founder and CEO of BluWave, breaks down key findings from BluWave’s Q3 2025 Private Equity Insights Report. Drawing parallels between his son’s fencing lessons and today’s economic climate, Sean explains how the best investors are shifting from a defensive stance to an offensive one. Seeing through the noise, leaning forward, and playing to win. He shares fresh data showing that deal activity, due diligence spending, and AI investment are all surging—signs of an industry on the offense. From the manufacturing renaissance to the rise of flatter, AI-enabled organizations, Sean offers a grounded, data-backed view of where private equity and the broader economy are heading next. Episode Highlights 1:07 – The Sport of Fencing and PE: what private equity can learn from shifting from defense to offense 4:40 – Why the U.S. economy is “good enough” and accelerating despite the noise 11:45 – Deal data shows confidence returning: due diligence projects up 43% year-over-year 14:33 – PE firms’ AI and analytics demand surges 300% and 1,600% for AI/ML advisory 18:39 – Manufacturing reshoring, venture collaboration, and the next wave of innovation 21:06 – The coming of flatter, AI-enabled organizations and what it means for talent 25:39 – Sticky inflation, rate cuts, and why the next economic cycle is already underway For more on BluWave, visit: https://www.bluwave.net/ To request the full Q3 2025 Insights Report, visit: https://www.bluwave.net/insights-report/
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Laurens Goff on Focus, Visibility, and Driving Value in B2B Services
10/08/2025
Laurens Goff on Focus, Visibility, and Driving Value in B2B Services
In this episode of Karma School of Business, Sean Mooney interviews Laurens Goff, Co-Founder and Managing Partner at Stone Goff Partners. Laurens shares insights from his path to private equity, the founding story of his firm, and how leveraging focus and visibility transforms lower-middle-market companies. Key points include: 1:05 - Laurens’ journey: From early life in Providence to successfully navigating investment banking and private equity. 9:52 - Stone Goff’s evolution: Lessons learned as an independent sponsor and the foundation of a committed capital fund. 19:41 - The scorecard for success: Why visibility, recurring revenue, and vertical ecosystem focus create winning business models. 25:57 - Enabling value creation: The TEOS framework (Talent, Experts, Outsourced Resources, Support) and collaborative growth strategies. 34:52 - Supporting portfolio companies: Stone Goff’s management summits and thought leadership tools to foster executive collaboration. For more information on Stone Goff, go to For more information on Laurens Goff, go to For more information on BluWave and this podcast, go to
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Scaling Consumer Brands: Jared Stein’s Approach to Growth and Loyalty
09/24/2025
Scaling Consumer Brands: Jared Stein’s Approach to Growth and Loyalty
Jared Stein, Co-founder and Partner at Monogram Capital Partners, shares his expert approach to scaling consumer businesses, fostering customer loyalty, and driving sustainable growth. From partnering with family-owned companies to identifying sectors with lasting demand, Jared provides actionable insights for excelling in fragmented markets and navigating today’s rapid disruption cycles. A must-listen for private equity professionals and business builders looking to sharpen their playbook. Episode Highlights: 00:33 - Jared’s family business origins and lessons learned from hard jobs 06:04 - Why "growth mindset" and passion are critical for business builders 13:23 - Scaling consumer brands: leadership, customer focus, and profitability 19:46 - Identifying winning brands: consumer loyalty and market potential 24:37 - Partnering with family businesses: trust, talent, and transformation 27:27 - Inside the Western Smokehouse case study: 5x EBITDA growth 30:51 - Building anti-fragility: Preparing businesses for rapid disruptions For more on Jared Stein’s firm, visit: Connect with Jared Stein on LinkedIn: Explore more episodes:
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Private Equity’s AI Shift: Bob Morse on SaaS, Pricing, and Alignment
09/10/2025
Private Equity’s AI Shift: Bob Morse on SaaS, Pricing, and Alignment
Sean Mooney speaks with Bob Morse, Co-Founder & Managing Partner at Strattam Capital, about the changing playbook in private equity, especially in tech. Morse traces his path from Morgan Stanley and Oak Hill to founding Strattam, then lays out a no-surprises model: turn cards face-up pre-signing, align on a founder-written five-point plan, and opt-in support with real accountability. He explains why AI threatens seat-based SaaS economics, where outcome pricing wins, and how PE firms should push portfolios to experiment while keeping the founder’s innovative spark alive. Clear-eyed and practical, this conversation arms business builders with a framework to act now. Episode highlights 1:26 – An engineer’s path into private equity 7:15 – Why tech needed a dedicated, specialized PE fund and the genesis of Strattam 13:03 – Solving the “first board-meeting surprise” 19:45 – The founder persona Strattam backs: industry operators with proven product-market fit 27:15 – AI as invention vs. innovation and the early business models that actually work 32:27 – The SaaS shake-up: from seat licenses to outcome-based pricing and financing impact 41:54 – “Aliens landed”: a mantra for leading through uncertainty and running smart experiments For more on Bob Morse’s firm, visit: Connect with Bob Morse on LinkedIn: Explore more episodes:
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Focus, Metrics, and AI: Dan Gaspar’s Private Equity Strategies
08/20/2025
Focus, Metrics, and AI: Dan Gaspar’s Private Equity Strategies
Dan Gaspar, Partner at TZP Group, shares how private equity investors drive growth through focus, actionable insights, and strong partnerships. Hear Dan’s approach to evaluating businesses, aligning on key priorities, and leveraging innovations like AI. With decades of experience, Dan breaks down what it takes to create value in today’s dynamic market. A must-listen for private equity professionals and business builders alike. Episode Highlights: 1:12 - Dan Gaspar's pathway to private equity: A straightforward yet insightful start 12:14 - What "specialness" means when evaluating businesses for investment 19:33 - How TZP Group aligns with management teams to focus on 2–3 key growth priorities 26:19 - The role of AI in modern private equity: Dan’s take on experimentation and adaptability 35:54 - Navigating uncertainty in today’s market: Lessons on maintaining margins and flexibility 39:21 - Book recommendations for business builders: Traction, Good to Great, and Who Moved My Cheese 41:35 - Practical advice for private equity professionals and the value of collaborative partnerships For more on Dan Gaspar’s firm, visit: www.tzpgroup.com Connect with Dan Gaspar on LinkedIn: https://www.linkedin.com/in/dangaspar/ Explore more episodes: www.bluwave.net/podcasts
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Private Equity’s Resilience and Q2 2025 Economic Trends
08/06/2025
Private Equity’s Resilience and Q2 2025 Economic Trends
The second quarter of 2025 showcased one of the most compelling periods for private equity, revealing how firms responded to disruption through strategic action and decisive adaptation. Join BluWave Founder and CEO Sean Mooney as he unpacks the insights from BluWave's Q2 Private Equity Insights Report, including data showing rolling recovery trends, reshoring efforts in manufacturing, and technology investments. This episode dives into the unique frameworks private equity applies to thrive amid uncertainty, setting the stage for long-term growth. Confidently engage with insights that matter to your business. Episode Highlights 1:21 – Navigating stop-and-go economic disruptions: Key Q2 observations 5:45 – How private equity firms utilize OODA loops for decision-making 12:30 – April 2nd tariffs: A black swan reshaping manufacturing and trade 18:20 – Technology investments surge: AI and data projects skyrocket 27:05 – Resilience returns: PMI and consumer sentiment rebound in June 34:50 – The deal economy ramps up for mid- and long-term growth cycles 41:30 – Why private equity firms remain focused on growth investments For more on BluWave, visit: https://www.bluwave.net/ To request the full Q2 2025 Insights Report, visit: https://www.bluwave.net/insights-report/
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From Turnarounds to Growth: Ben Gaw on Building High-Performing Teams in Private Equity
07/16/2025
From Turnarounds to Growth: Ben Gaw on Building High-Performing Teams in Private Equity
In this episode of Karma School of Business, Sean Mooney speaks with Ben Gaw, Partner and Head of Portfolio Operations at Cross Rapids Capital. Ben shares stories from his journey as a first-generation immigrant to becoming a sought-after private equity leader, highlighting lessons learned from turnarounds, rapid decision-making, and building successful companies. Episode Highlights: 1:03 - Ben’s background: From chemical engineering to corporate turnarounds, restructuring, and private equity. 10:03 - What makes a good company great: Identifying defensible markets, customer relationships, and opportunities hidden in mismanagement. 12:20 - The Cross Rapids playbook: Leveraging pattern recognition, providing resources, and empowering management teams to execute. 18:13 - Advice for uncertain times: The importance of assembling the right team, moving quickly, and focusing on growth from day one. 22:27 - Soft skills and leadership: How servant leadership and bedside manner help operating partners and executives thrive. For more information on Cross Rapids Capital, go to For more information on Ben Gaw, go to For more information on BluWave and this podcast, go to
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What Dave Shephard Learned at West Point—and Applies in Private Equity
07/09/2025
What Dave Shephard Learned at West Point—and Applies in Private Equity
In this episode of Karma School of Business, Sean Mooney sits down with Dave Shephard, Director of Portfolio Operations at Rainier Partners. Dave shares how his military experience, consulting background at Bain, and hands-on leadership approach shape his work in private equity today. Key topics include: 1:30 - Dave’s journey from West Point to portfolio operations, and how problem-solving shaped his career. 6:14 - Lessons from the military: Developing grit, resilience, and the ability to lead without authority. 13:48 - How Rainier Partners drives value creation through a defined, repeatable process: strategy alignment, tactical execution, and operational improvements. 30:31 - The foundational role of data and systems in applying AI to portfolio companies—and why starting small can make the difference. 40:14 - Dave’s advice to his younger self and the value of curiosity, continuous learning, and thinking beyond immediate tasks. For more information on Rainier Partners, go to For more information on Dave Shephard, go to For more information on BluWave and this podcast, go to
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Board Meetings that Matter: Strategy, Structure, and Impact
07/02/2025
Board Meetings that Matter: Strategy, Structure, and Impact
This Karma School of Business feed drop from our sister podcast, Best But Never Final, explores the private equity approach to board meetings. Sean Mooney sits down with Lloyd Metz of ICV Partners and Doug McCormick of HCI Equity Partners to unpack how to turn board meetings into strategic powerhouses that drive real outcomes. Episode Highlights: 02:24 - Why private equity board meetings focus on strategic impact over routine reporting. 10:33 - The structure of PE boards: Who’s on them, the role of independent directors, and the value of concentrated ownership. 15:25 - How independent board members are chosen to address specific business needs and enhance executive decision-making. 35:55 - Avoiding tactical readouts: Making board meetings a forum for actionable strategy and meaningful discussions. 42:37 - Tactical details: Frequency, in-person vs. virtual meetings, committee structures, and agenda planning. To listen to more Best But Never Final episodes, go to For more information on BluWave and this podcast, go to
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Elements of Value in Private Equity (Part 4): How PE Leaders Evaluate Businesses
06/18/2025
Elements of Value in Private Equity (Part 4): How PE Leaders Evaluate Businesses
In this episode of Karma School of Business, Sean Mooney continues the Elements of Value series, exploring what private equity professionals focus on when evaluating businesses that have the potential to thrive. You’ll hear from: 0:49 - Vinay Kashyap of MainSail Partners on identifying bootstrap B2B software companies with strong growth potential, durable customer value propositions, and resourceful entrepreneurs. 6:19 - Kristin Johnson of Altamont Capital Partners on how her firm assesses market opportunities, team capabilities, alignment with founders, and introduces the concept of a "red team" to bring rigor to investment processes. 12:19 - Trent Hickman of VSS on partnering with founder-led businesses, the importance of management integrity, shared vision, and identifying "multiple ways to win." 20:50 - Misha Logvinov of MGX on the critical role of leadership quality, adaptability during change, and building a robust technology infrastructure that supports scalability and innovation. To listen to Vinay, Kristin, Trent or Misha's full podcast episode, go to . To get connected to a world-class, perfect-fit service provider from our curated network, go to .
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Two Decades of Investing in Franchise/Multi-Unit Businesses with CapitalSpring
06/11/2025
Two Decades of Investing in Franchise/Multi-Unit Businesses with CapitalSpring
Richard Fitzgerald, Co-Founder and Managing Partner at CapitalSpring, joins Sean Mooney to share the story behind one of the most enduring sector-focused firms in private equity. In a conversation that moves well beyond deal mechanics, Richard reflects on the early days of CapitalSpring, the value of sticking with a niche, and what it takes to build trust and alignment — across teams, LPs, and portfolio partners — over the long haul. Episode Highlights: 1:07 – Richard’s path to private equity 7:53 – Building a sector-specialist investment firm with true competitive advantage 11:06 – We'd know Richard better if we knew this about him 18:27 – Working through hard things – navigating the pandemic 26:45 – The art of private equity in the franchise/multi-location sector – best practices 35:48 – Benefits of having a sector specialist franchisee investors for sponsors investing in franchisors 40:42 – Flexibility to provide both debt and equity solutions for growing businesses is a competitive advantage 43:05 – Richard’s advice for his 22 year-old-self For more on CapitalSpring: To connect with Richard Fitzgerald: For more on Challenge Aspen: For more on the Michael J. Fox Foundation: Explore more episodes of Karma School of Business:
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The Private Equity Playbook for Add-On Strategy, Data Discipline & Value Creation | Brooke Ablon, Fort Point Capital
06/04/2025
The Private Equity Playbook for Add-On Strategy, Data Discipline & Value Creation | Brooke Ablon, Fort Point Capital
Brooke Ablon, Co-Founder and Partner at Fort Point Capital, joins Sean Mooney to share how his firm scales lower middle market companies through a precise mix of strategy, data, and partnership. From executing disciplined add-on acquisition plans to transforming founder-led businesses into institutional-grade operations, Brooke walks through a real-world private equity playbook that’s built for today’s competitive landscape. 🔑 Key Topics Covered: [00:01:09] How a psychology major and distressed investor found his way into private equity [00:10:22] What distressed investing teaches you about cash flow, value, and conflict [00:19:27] Fort Point’s investment criteria: value proposition, management excellence, and fit [00:24:48] How to create value with strategic add-ons, board governance, and growth alignment [00:29:09] Using data analytics and utilization tracking to uncover hidden margin [00:32:34] Advice for management teams: think proactively, act decisively, use your data [00:40:24] Why private equity careers (and outcomes) are marathons, not sprints For more information on Fort Point Capital, go to: For more information on Brooke Ablon, go to: For more information on the Karma School of Business podcast, go to:
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How Private Equity Pros Build Enduring Value with Discipline & Data | Brian Neider, Lead Edge Capital
05/28/2025
How Private Equity Pros Build Enduring Value with Discipline & Data | Brian Neider, Lead Edge Capital
Brian Neider, Managing Partner at Lead Edge Capital, joins BluWave CEO Sean Mooney to break down what great private equity investing really looks like — from systematic sourcing to building one of the most engaged LP networks in the industry. This episode is packed with real-world lessons from 20 years of disciplined execution and growth equity innovation. Episode Highlights: [1:09] Brian’s early lessons in entrepreneurship from running a vending business to building top-of-funnel strategy at Bessemer [6:09] How 20,000 cold calls built the foundation for Lead Edge Capital’s thesis-driven sourcing [17:06] The 8-point “strike zone” framework Lead Edge uses to evaluate private equity opportunities [27:06] How Lead Edge’s LP network drives differentiated value creation and portfolio company support [34:30] The role of instrumentation and data discipline in unlocking portfolio performance [39:57] Advice to early-career professionals: treat your time, relationships, and decisions like investments [45:25] Life hacks from an investor: walking pads, airline points intel, and email follow-up tools For more information on Lead Edge Capital, go to: For more information on Brian Neider, go to: For more information on the Karma School of Business podcast, go to:
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Don McDonough on Leading A Private Equity Business Development Function
05/21/2025
Don McDonough on Leading A Private Equity Business Development Function
In this episode of Karma School of Business, Sean Mooney speaks with Don McDonough, Managing Director at GTCR, about his career in private equity and his role in building GTCR’s business development function. Episode Highlights: 1:24 - Path to Private Equity: Don’s journey from investment banking to private equity and his early career experiences. 4:56 - Leadership Lessons: How sports and teamwork shaped Don’s approach to leadership and problem-solving. 10:09 - Building a New Role: Challenges and strategies in developing GTCR’s business development function. 27:04 - Value Creation Themes: GTCR’s focus on technology, AI, and proactive risk management strategies to drive portfolio growth. 33:02 - Advice to Younger Self: Don’s insights on identifying strengths, following passions, and seeking mentorship. For more information on GTCR, go to For more information on Don McDonough, go to For more information on BluWave and this podcast, go to
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Foundations of Leadership: Private Equity Insights with Dave Schnadig
05/14/2025
Foundations of Leadership: Private Equity Insights with Dave Schnadig
In this episode of Karma School of Business, Sean Mooney connects with Dave Schnadig, Co-President of Cortec Group, for an inspiring conversation about private equity, leadership, and the many lessons Dave has learned through his dynamic career. Dave shares his journey from his family’s entrepreneurial roots to leading one of private equity’s most successful firms. Along the way, he dives deep into stories of overcoming challenges, including the Yeti turnaround, managing tariffs, and how to guide portfolio companies through dynamic markets. Episode Highlights: 1:14 - Formative Years: Dave’s entrepreneurial childhood and lessons from his family business that shaped his approach to private equity. 7:18 - Journey to Cortec Group: How Dave’s experience in investment banking and private equity led him to one of the most unique models in the industry. 20:33 - Philosophy of Ownership: Why being “all in” is critical to succeeding in private equity, both for GPs and portfolio leaders. 22:35 - Yeti’s Turnaround Story: How tenacity and smart strategic decisions transformed a significant challenge into one of private equity’s top home runs. 42:10 - Mitigating Tariffs: Dave explains Cortec’s proactive approach to addressing tariffs and supplier diversification across portfolio companies. 48:27 - Adventure and Balance: Dave’s advice for finding balance through curated family trips and why experiences matter as much as success in business. For more information on Cortec Group, go to For more information on Dave Schnadig, go to For more information on BluWave and this podcast, go to
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Data, AI, and Leadership: Essential Lessons for Private Equity from Misha Logvinov
05/07/2025
Data, AI, and Leadership: Essential Lessons for Private Equity from Misha Logvinov
In this episode of Karma School of Business, Sean Mooney sits down with Misha Logvinov, Managing Director and New York Office Lead at MGX, to discuss the essential lessons he’s learned throughout his entrepreneurial journey and private equity career. Together, they explore actionable insights on leadership, adaptability, and leveraging technology for value creation in private equity and beyond. Episode Highlights: 1:19 - Misha’s Early Journey: Growing up in post-Soviet Russia, launching entrepreneurial ventures as a teen, and transitioning to Silicon Valley during the dotcom boom. 7:22 - Entry into Private Equity: Misha describes his unplanned move into private equity after years as a tech operator and entrepreneur. 13:43 - Hallmarks of Great Companies: Key factors Misha looks for in businesses poised for success, including strong leadership, adaptability, and robust tech infrastructure. [00:18:31] Value Creation at MGX: How MGX helps portfolio companies grow by integrating cutting-edge AI and data strategies. [00:23:16] Actionable Advice: Misha highlights the importance of prioritizing data readiness, embracing AI for operational improvement, and rethinking leadership approaches for the future. [00:33:44] Advice to Younger Self: Misha reflects on the importance of balancing drive with kindness while pursuing high performance. For more information on MGX, go to For more information on Misha Logvinov, go to For more information on BluWave and this podcast, go to
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Private Equity Q1 Insights: Adapting to Economic Shifts and Deal Market Trends
04/30/2025
Private Equity Q1 Insights: Adapting to Economic Shifts and Deal Market Trends
In this episode of Karma School of Business, Sean Mooney shares key insights from Q1 2025, covering private equity activity and responses to evolving economic conditions. Examining GDP, easing inflation, and rebounding deal activity, Sean discusses how private equity professionals are adapting strategies to capitalize on opportunities while managing risks such as emerging tariffs and global complexities. Episode Highlights: [00:04:03] Economic Landscape: Sean breaks down Q1 economic data, including inflation approaching the Federal Reserve’s 2% target, GDP evaluation, and job market resilience with a 4% unemployment rate. [00:05:23] Deal Market Trends: BluWave’s activity index reveals rising due diligence activity, with Q1 showing a 15% year-over-year increase. Sean highlights stronger deal flow from firms like Hidden Harbor. [00:10:47] Tariff Volatility: Sean explains how new tariff policies are driving demand for procurement and logistics strategies as private equity firms adapt to unforeseen complexities. [00:18:01] Strategic Recalibration: Sean discusses the importance of clearer guidance from Washington and how private equity continues to mitigate risk while identifying opportunities in an uncertain global landscape. To request the Q1 2025 Private Equity Insights Report, go to .
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Private Equity Resilience: Turning Adversity Into Opportunity
04/23/2025
Private Equity Resilience: Turning Adversity Into Opportunity
This episode of Karma School of Business explores how resilience, tenacity, and grit enable private equity professionals to turn risk into opportunity. Sean Mooney reflects on industry responses to the 2008 financial crisis and COVID-19, showcasing how frameworks like Colonel John Boyd’s OODA Loop (Observe, Orient, Decide, Act) drive action during times of uncertainty. Episode Highlights: 0:34 -Sean’s preamble: How private equity reframes risk in uncertain times, with a focus on the 2008 financial crisis and COVID-19. 12:05 - Andrew Joy: Overcoming immense personal adversity, including a near-fatal injury, and rebuilding his life to graduate valedictorian from Emory University. 19:36 - Sean expands on Andrew’s mindset shift: The power of small victories and how they mirror resilience in private equity. 26:19 - Rob Konrad: Surviving a 16-hour swim in open ocean by relying on clarity and determination. 31:12 - Sean reflects on Rob’s story: Lessons on resilience and decision-making in life and business. To listen to Andrew's full episode, go to To listen to Rob Konrad's full episode, go to For more information on BluWave and this podcast, go to
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Elements of Value in Private Equity (Part III): Key Characteristics of Great Companies
04/16/2025
Elements of Value in Private Equity (Part III): Key Characteristics of Great Companies
In this special episode of Karma School of Business, Sean Mooney revisits insights from previous conversations with some of private equity’s most thoughtful leaders. These experts highlight the "elements of value" they prioritize when evaluating companies for investment, offering actionable frameworks and lessons learned across industries, geographies, and strategies. Episode Highlights: 01:11 - Nik Kapauan shares Access Holdings’ research-driven approach to identifying segment leaders and defining "what good looks like" in fragmented industries. 07:10 - Rob Konrad discusses the critical role of people and alignment when partnering with family-owned businesses in the lower middle market. 21:11 - Casey Myers emphasizes leadership, product-market fit, and overcoming tech debt for durable, smart growth in software companies. 28:24 - Jonathan Metrick explores the power of identifying superpowers in business and relentlessly prioritizing resources to create competitive advantage. 35:29 - Lisa Ames highlights the importance of ruthless prioritization in marketing, focusing efforts where they create the most predictable success. To listen to Nik Kapauan's full episode, go to To listen to Rob Konrad's full episode, go to To listen to Casey Myers' full episode, go to To listen to Jonathan Metrick's full episode, go to To listen to Lisa Ames' full episode, go to
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AI in Private Equity: How Innovation is Reshaping Business Strategies
04/09/2025
AI in Private Equity: How Innovation is Reshaping Business Strategies
In this special episode, Sean Mooney joins Doug McCormick (HCI Equity Partners) and Lloyd Metz (ICV Partners) to explore the transformative impact of AI on private equity, portfolio companies, and everyday life. From optimizing portfolio company operations to driving innovation in deal sourcing and content creation, this discussion provides actionable insights into how leading firms are leveraging AI to create competitive advantages. Whether you’re an investor, executive, or business builder, this episode is packed with strategies to embrace AI’s potential in your organization. Episode Highlights: 12:51 - Sean outlines a practical framework for engaging with AI tools, emphasizing the benefits of experimenting with large language models like ChatGPT and Perplexity as a first step. 20:23 - Concrete advice for individuals and business owners: Train your social media algorithms and experiment with AI to unlock strategic insights. 25:23 - How AI applications, such as ChatGPT, can enhance sales, marketing, and streamline repetitive tasks, creating ROI advantages for businesses of all sizes. 39:28 - Sean discusses preparing the next generation for an AI-driven workforce, emphasizing critical thinking and creative utilization of AI tools. 47:09 - Using AI to enable lower middle market portfolio companies: Sean highlights simple, high-ROI approaches like data visualization tools and KPIs to drive business improvements. 53:39 - Sean considers the future: A 15–20-year outlook on AI evolution and the melding of human and machine capabilities in business and beyond. For more information on Best But Never Final, go to . For more information on BluWave and this podcast, go to .
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Private Equity Spotlight: Grit, Growth, and Game-Changing Deals with Micah Dawson
04/02/2025
Private Equity Spotlight: Grit, Growth, and Game-Changing Deals with Micah Dawson
From a non-traditional career path to transforming businesses, Micah Dawson shares his playbook for designing business success in private equity with Sean Mooney. Packed with bold career moves, hard-earned lessons, and fresh perspectives, Micah shares how grit, leadership, and a focus on people drive real impact in the lower middle market. [00:03:15] - Bold career pivots: Micah’s transition from being an architect to entering law school, business school, and eventually joining the world of private equity. [00:06:49] - Entering the operations world: Micah shares lessons from his time managing manufacturing plants and turning around struggling businesses in rural Indiana. [00:22:23] - Insights into Trivest’s approach to enhancing the founder experience, removing friction from the deal process, and providing transformative resources to portfolio companies. [00:26:19] - The team-building philosophy Micah credits with creating outsized value, and his focus on ensuring the right people occupy the right roles. [00:37:15] - Balancing ambition and fulfillment: Micah discusses personal lessons and philosophies on leadership, grit, and finding joy in the career journey. For more information on Trivest Partners, go to For more information on Micah Dawson, go to For more information on BluWave and this podcast, go to
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Private Equity Spotlight: Investing in Vision and Integrity with Trent Hickman
03/26/2025
Private Equity Spotlight: Investing in Vision and Integrity with Trent Hickman
What does it take to transform founder-led businesses into industry leaders? In this episode of the Karma School of Business, Sean Mooney sits down with Trent Hickman, Co-Managing Partner at VSS Capital Partners, and shares his blueprint for creating value, building trust, and fostering growth alongside visionary management teams that every business builder and private equity professional needs to hear. Episode Highlights 0:34 – Meet Trent Hickman: His journey from Charlotte, NC to becoming a leader in private equity and a passionate ski coach. 13:13 – What makes a great investment? The three key attributes Trent looks for in founder-led businesses. 19:04 – Building strong partnerships with management teams: Insights on aligning visions and maintaining a growth mindset. 22:02 – Innovative approaches to value creation: Using third-party expertise and ensuring multiple ways to win. 35:58 – The importance of embracing change and leveraging external resources to accelerate business success. 40:28 – Advice to the next generation: Trent’s reflections on patience, enjoying the journey, and collaborating to achieve long-term impact. For more information on VSS Capital Partners, go to For more information on Trent Hickman, go to For more information on BluWave and this podcast, go to
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Private Equity Spotlight: The Future of Enterprise Software with John Hodge
03/19/2025
Private Equity Spotlight: The Future of Enterprise Software with John Hodge
Sean Mooney chats with John Hodge, Partner at Rubicon Technology Partners, to explore his inspiring journey from Buffalo, NY, to founding one of the premier private equity firms in enterprise software. John dives into the importance of culture, operational excellence, and aligning with portfolio companies to create value while sharing personal insights on leadership, humility, and change management. Whether you’re a private equity leader or an aspiring entrepreneur, John’s stories, strategies, and advice offer practical wisdom for navigating today’s fast-evolving investment landscape. Episode Highlights 1:09 – John Hodge's Buffalo upbringing, competitive swimming career at Stanford, and the values that shaped his leadership philosophy. 7:56 – How early advice from an industry leader shaped his career path: the leap from biology to tech-focused investment banking. 19:53 – The founding of Rubicon: Why culture, operational discipline, and alignment are the foundation. 29:03 – Rubicon’s hands-on operational model and unique approach to value creation. 40:16 – AI in enterprise software: Driving productivity and advancing product roadmaps. 53:01 – Life lessons: The importance of waking up early, keeping a positive attitude, and never taking yourself too seriously. For more information on Rubicon Technology Partners, go to For more information on John Hodge, go to For more information on BluWave and this podcast, go to
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Private Equity Spotlight: Kristin Johnson on Building Better, Successful Businesses
03/12/2025
Private Equity Spotlight: Kristin Johnson on Building Better, Successful Businesses
In this episode of the Karma School of Business podcast, Kristin Johnson, Managing Director at Altamont Capital Partners, shares actionable advice for building stronger businesses and teams with Sean Mooney. From fostering leadership to embracing innovative practices like AI and employee ownership, Kristin offers a perspective that resonates with business builders and investors alike. Episode Highlights 0:35 – Getting to know Kristin Johnson: Her global upbringing, track & field triumphs, and early career influences. 8:27 – What Kristin and the Altamont team look for in a business: market potential, leadership, and company dynamics. 13:41 – The importance of fostering transparency and the role of the “devil’s advocate” team in decision-making. 17:29 – Driving value creation: Altamont’s approach to functional expertise and the promise of AI in portfolio companies. 23:47 – Tactics for sustained growth and alignment among employees. 29:55 – Kristin’s must-read book recommendations and the lessons on balancing assertiveness, confidence, and warmth for success in work and family life. For more information on Altamont Capital Partners, go to For more information on John Hodge, go to For more information on BluWave and this podcast, go to
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Private Equity Spotlight: People-First Partnerships with Ran Ding & Chris Scullin
03/05/2025
Private Equity Spotlight: People-First Partnerships with Ran Ding & Chris Scullin
In this episode of Private Equity Spotlight, Sean Mooney sits down with Ran Ding and Chris Scullin from Norwest to discuss why private equity is ultimately a people-driven business. With deep insights into founder-led businesses and long-term partnership strategies, Ran and Chris share their unique approach to building trust, creating value, and fostering alignment with the companies they invest in. From their personal journeys to the principles that guide their work, this episode offers timeless lessons for investors and founders alike. Episode Highlights 2:15 – Discover how Ran Ding and Chris Scullin turned personal challenges into professional purpose in private equity. 8:45 – Building trust and alignment: The secret to lasting partnerships in founder-led businesses. 17:30 – Winning strategies for scaling founder-driven companies while preserving their culture. 26:15 – How a people-first mindset sets Norwest apart in the world of private equity investing. 36:50 – Real-world examples of value creation and supporting businesses through thoughtful capital allocation. 48:20 – How to craft your own adventure: Lessons in finding energy and fulfillment in your career journey. For more information on Norwest, go to For more information on Ran Ding, go to For more information on Chris Scullin, go to For more information on BluWave and this podcast, go to
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The Future of Private Equity: Innovation, Transformation, and Leadership
02/26/2025
The Future of Private Equity: Innovation, Transformation, and Leadership
In this special episode, Sean Mooney examines how private equity is evolving to meet the challenges of today and tomorrow. From proactive due diligence to transformative value creation, modern firm operations, and corporate citizenship, Sean explores the key trends shaping the future of the industry and highlights the firms leading the charge. Whether you're a private equity practitioner, portfolio company leader, or aspiring partner, tune in to gain actionable insights into the future of the asset class. Episode Highlights: 1:16 - Sean introduces four key trends in private equity: proactive due diligence, transformative value creation, modern firm operations, and corporate citizenship. 3:54 - The shift from confirmatory to proactive due diligence: How specialists, value creation plans, and detailed insights are helping PE firms bend the supply and demand curve to generate superior outcomes. 7:23 - Transformative value creation: Leading PE firms are accelerating change by leveraging internal ops teams, expert third parties, and aligned strategies to drive rapid business transformation. 10:17 - Modernizing PE firm operations: How firms are now run like their portfolio companies, with robust BD teams, human capital investments, advanced analytics, and emerging AI tools. 15:50 - Corporate citizenship in PE: Examples of firms like KKR, Alpine, and Hidden Harbor leveraging employee ownership, volunteering, and safety nets to create value beyond financial returns. 18:01 - Sean introduces BluWave’s Top Private Equity Innovators program, highlighting firms that exemplify innovation and success across the key themes shaping the industry. For more information, and to see the list of the 2025 Top Private Equity Innovators, go to . To listen to more episodes of the Karma School of Business Podcast, go to .
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