This two-part Knowledge at Wharton podcast looks at key trends in private equity, including a rising emphasis on organic revenue growth versus financial engineering, a shifting view of mergers, acquisitions and initial public offerings, changing management roles, and a return to normalcy regarding limited partners expectations. Those partners once again expect investments to be returned to them within the three-to-seven-year time horizon that existed before the financial crisis, thanks to a better environment for exits. Stephen M. Sammut, a senior fellow and lecturer at Wharton, and Michael Rogers, EY’s global deputy private equity leader, help shed light on these and related issues.

An edited transcript of their conversation can be downloaded from this page.

View In Private Equity, Management’s Role, Incentives Are Shifting