# S2 | Episode 11: The Evolution of Private Equity - From Wizards to Artisans with Jacob Kotzubei Page: https://stenobird.com/podcast/capital-decanted-6600567/s2-episode-11-the-evolution-of-private-equity-from-wizards-to-artisans-with-jacob-kotzubei Text version: https://stenobird.com/podcast/capital-decanted-6600567/s2-episode-11-the-evolution-of-private-equity-from-wizards-to-artisans-with-jacob-kotzubei.md Podcast: [Capital Decanted](https://stenobird.com/podcast/capital-decanted-6600567) Published: 2025-07-29T11:30:00+00:00 Episode link: https://podcasters.spotify.com/pod/show/capital-decanted/episodes/S2--Episode-11-The-Evolution-of-Private-Equity---From-Wizards-to-Artisans-with-Jacob-Kotzubei-e3655r9 Audio file: https://anchor.fm/s/e7ad5f9c/podcast/play/106124585/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2025-6-28%2F1e137251-524d-a4b8-f83c-8eedab3aba87.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/capital-decanted-6600567/episodes/s2-episode-11-the-evolution-of-private-equity-from-wizards-to-artisans-with-jacob-kotzubei Duration seconds: 6184 ## Resource Financial engineering or operational value add? As private equity's growth has evolved over several decades, the mechanics of deal structure, capital structure, and motivations have undergone changes across several eras. No longer just the barbarians at the gate anymore, many private equity firms have turned their attention from balance sheet gymnastics to delivering actual operating expertise for portfolio companies. In this episode of Capital Decanted, we answer important questions - what is driving this evolution? How are deal structures different today vs. in the late 1980s? And what is the playbook for a segment of the industry trying to deliver true value? To help us answer these questions, we are joined by Jacob Kotzubei, Co-President of Platinum Equity. Introduction: (0:48) Halftime: (52:00) Guest: (58:31) Guest: Jacob Kotzubei, Co-President, Platinum Equity Episode Sources ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/capital-decanted-6600567/episodes/s2-episode-11-the-evolution-of-private-equity-from-wizards-to-artisans-with-jacob-kotzubei/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/capital-decanted-6600567/s2-episode-11-the-evolution-of-private-equity-from-wizards-to-artisans-with-jacob-kotzubei.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.