Send us Fan MailBuckle up, because this week we're sitting down with Neha Champaneria Markle, who runs the Private Equity Solutions group at Morgan Stanley Investment Management.Neha walks us through the entire private equity landscape and answers the questions you've been dying to ask an insider including: - Is "AI is going to destroy software and therefore private equity"? - Why are fundraising cycles getting longer?- What does vintage year really tell you about a fund's performance? - What's actually a "good" DPI, IRR, and TVPI- Why does every fund somehow claim to be top quartile? She also pulls back the curtain on subscription credit lines and how GPs use them to juice early IRRs, gives us a definition of "fund of funds" and "co-investment" that actually makes sense, and settles the score on whether PE investing is really just "volatility laundering".As the walls around private equity are coming down, it’s important to understand which sectors are secretly crushing it, how managers actually get selected, the fee structures, and what the "democratization of private markets" really means for returns going forward.Shop our Self Paced Courses:Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERESubscribe to our Substack: https://substack.com/@thewallstreetskinny