# Ross Butler

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Where Private Markets Meet Reality | Secondaries Explained | Nigel Dawn | Fund Shack Ep. 85

Private markets look stable… until they don’t. NAVs move slowly. Returns look smooth. Volatility appears contained.But none of that is tested until an investor actually tries to sell. That’s where secondaries come in. The secondaries market is where private markets lose their narrative and face …

Private Equity Is a Talent Business - Flor Kassai, Inflexion

Flor Kassai, Managing Partner and Head of Buyout at Inflexion, joins Ross Butler to discuss European mid-market private equity, talent, origination and repeatable value creation. Flor argues that private equity is more of a talent business than an investment business. In her view, getting the righ…

What NAV Is Really Signalling in Private Markets | Alex Branton, Nodem Capital

Private markets were built around illiquidity. Investors commit capital, managers invest it over time, and cash comes back when assets are sold. But as private equity, private credit and private markets have scaled, the industry has had to build a more sophisticated liquidity toolkit. In this epis…

Beyond SpaceX: War, AI, Orbital Infrastructure and green utopia | Mark Boggett | Seraphim Space

Private Markets Podcast, Fund Shack www.fund-shack.com Space is no longer just about rockets, satellites and astronauts. In this episode, Ross Butler speaks with Mark Boggett, CEO and General Partner of Seraphim Space, about how SpaceTech is becoming a critical infrastructure layer for defence, co…

Private Equity in 2026: Why “12 is the new five” | Emilio Domingo, Bain & Company

Private equity is entering a tougher operating environment, where cheap debt and multiple expansion can no longer be relied on to deliver returns. In this episode of Fund Shack, Ross Butler speaks with Emilio Domingo, Partner in Bain & Company’s London office and Chief Commercial Officer for Bain’…

Private Capital in Brazil: Where Are the Best Opportunities?

Brazil offers one of Latin America’s deepest private capital markets, with opportunities across private equity, private credit, infrastructure, agriculture, critical minerals and distressed investing. Success requires local networks, thematic focus and a clear understanding of currency risk. Ross …

Ross Butler on his new golf obsession, turning to a mental coach and his stint as a DJ

Actor and 2025 BMW Charity Pro-Am winner Ross Butler joins this week's episode to chat about his growing obsession with the game, having a swing and mental coach, his brief stint as "DJ Wasabi" before becoming an actor and more.

Integrity risk in Private Equity: Beyond ESG Box-Ticking | Rupert Evill, Ethics Insight | Ep. 91

Does traditional ESG due diligence actually help private equity investors manage risk, or can it become part of the problem? Ross Butler speaks with Rupert Evill, Founder of Ethics Insight, about business ethics, integrity risk, fraud and due diligence in private markets. They explore why investor…

Private Equity: What Institutional LPs Really Want | John Renkema

Selecting suitable private equity funds is not the same as reliably predicting future outperformers. In Fund Shack episode #92, John Renkema, Partner and Head of Private Markets at Avida International, joins Ross Butler to discuss the work behind an institutional LP's investment programme: portfoli…