Dry Powder: The Private Equity Podcast
Bain & Company has just released its Private Equity Midyear Report 2026. You may recall that, at the start of the year, we saw signs of a recovery for a small subset of investors, with no clear indication that the rest of the industry would follow suit. By now, the narrative of a “K-shaped recovery” has hardened into conventional wisdom.
You can listen to this episode of Dry Powder and catch future episodes by subscribing on Apple Podcasts, Google Podcasts, Spotify, or wherever you may listen.
The key thing to remember at this juncture of the year is that private equity is not in a crisis—rather, it’s stuck. The issue isn’t capital; it’s confidence.
On today’s episode of Dry Powder, I’ll share my key takeaways from Bain’s Private Equity Midyear Report 2026.
The Private Equity Podcast
In our podcast series, Bain's Hugh MacArthur interviews leading experts on the trends and opportunities that will redefine the private equity industry.