1. Introduction
2. A Neo-Classical Asset Class
3. The 'Repair-Shop of Capitalism'
4. Strategy Challenges
5. Strategic Asset Allocation
6. The Sky is Not the Limit
7. The Limited Partnership as Part of Humanity's DNA
8. Intermediation
9. Economics of Private Equity Firms
10. Objectives
11. Performance Persistence
12. Nobody knows Anything
13. Spreading Risks
Thickly and Thinly
14. Private Equity Risk
15. Performance Measurement
16. The Galapagos Islands of Finance
17. The Locust and the Deep Blue Sea
18. Intelligence
19. Spreading Risks
Part II
20. Open-Ended Relationships
21. Hard and Soft Power
22. Real Options
23. No Plan Survives⁵
24. The Heavy Hand of Regulation
25. Private Equity Unchained.