Patrick Elliott: Private Equity Playbook

Private-equity veteran Patrick Elliott (Founding Partner, Next Capital; ex-Macquarie PE; former Chair of JB Hi-Fi) joins James H Stewart to unpack career pivots, equity investing and what they teach us about risk, governance, and value creation.Patrick traces his path from restructuring at Ferrier Hodgson to Private equity investing at Macquarie, then the leap to found Next Capital. We dig into the JB Hi-Fi MBI-to-IPO journey, the lessons from the collapse of Topshop Australia and how to approach turnarounds when the exit options are limited.Whether you’re a founder, operator, or investor, you’ll get a playbook in patient investing, strategic pivots, and why great businesses are built around great people.Practical, candid, and loaded with real examples.Key Takeaways:How to know when it’s time to change directionThe mindset required to transition from advisor to investorLessons from private equity and rethinking growth after crisis“If you’re not learning or growing, you’re already going backwards.” — Patrick ElliottAbout Patrick Elliott:Patrick Elliott is Co-Founder of Next Capital and former executive at Macquarie Bank. A graduate of IMD (Switzerland), he has led investments across retail, consumer, and industrial sectors — combining analytical precision with entrepreneurial instinct.Connect with Patrick:https://www.linkedin.com/in/patrick-elliott-374a3214bhttps://nextcapital.com.au🎧 Listen on Apple Podcasts or Spotify — and don’t forget to follow, rate, and share.What I Learned in Business (That Didn’t Kill Me!) — hosted by James H. Stewart, exploring the stories behind resilience, reinvention, and leadership.Connect with James:🌐 JamesHStewart.com | LinkedInDisclaimer: The views and opinions expressed in this podcast are those of the individuals involved and do not necessarily reflect the views of their organisations, affiliates, or of the host. This podcast is for general informational purposes only and should not be taken as business, financial, or professional advice. Listeners should seek their own independent advice before making decisions related to any topics discussed. Hosted on Acast. See acast.com/privacy for more information.