<p>Partners Group pursued an innovative approach to private equity: The firm built a business serving a market of individual investors. Now, a recent executive order from US President Donald Trump is set to unlock that marketplace on an even grander scale.</p><br><p>The only thing is, Partners might not be the one to reap the rewards. The FT’s US private equity and deals editor Antoine Gara and private capital reporter Alexandra Heal explain how the pioneer is struggling to keep up with its rivals.&nbsp;</p><br><p>Clips from CBS, CBS19&nbsp;&nbsp;</p><br><p>The FT does not use generative AI to voice its podcasts</p><br><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><br><p><strong>For further reading:</strong></p><p><a href="https://www.ft.com/content/7b9e7575-f35b-4bd8-a901-f3af3525d753" rel="noopener noreferrer" target="_blank">How private equity’s pioneer in tapping retail money lost its edge</a></p><p><a href="https://www.ft.com/content/6647ad13-0954-4257-8112-cb02e9515cf6" rel="noopener noreferrer" target="_blank">Donald Trump exposes US retirees to new world of risk with 401k order</a></p><p><a href="https://www.ft.com/content/f25fbd07-273b-4af4-9e5c-0f80ea004bfe" rel="noopener noreferrer" target="_blank">Buyout executive warns private equity push into US savings risks bailouts&nbsp;</a></p><br><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><br><p>Follow Antoine Gara on X (<a href="https://x.com/AntoineGara" rel="noopener noreferrer" target="_blank">@AntoineGara</a>) and Bluesky (<a href="https://bsky.app/profile/antoinegara.bsky.social" rel="noopener noreferrer" target="_blank">@antoinegara.bsky.social</a>). Alexandra Heal is on X (<a href="https://x.com/alexandraheal" rel="noopener noreferrer" target="_blank">@alexandraheal</a>) and Bluesky (<a href="https://bsky.app/profile/alexandraheal.bsky.social" rel="noopener noreferrer" target="_blank">@alexandraheal.bsky.social</a>). <a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank">Michela Tindera</a> is on X (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>) and Bluesky (<a href="https://bsky.app/profile/mtindera.ft.com" rel="noopener noreferrer" target="_blank">@mtindera.ft.com</a>), or follow her on LinkedIn for updates about the show and more.&nbsp;</p><br><p><a href="https://www.ft.com/content/dd546473-8edd-4a3f-8aa5-b97716c4a64c" rel="noopener noreferrer" target="_blank"><strong>Read a transcript of this episode on FT.com</strong></a></p><p><br></p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>