# Competitive Advantages and Carve-Outs w/ TPG’s Steve Ellis

Page: https://stenobird.com/podcast/dry-powder-the-private-equity-podcast-252796/competitive-advantages-and-carve-outs-w-tpg-s-steve-ellis
Text version: https://stenobird.com/podcast/dry-powder-the-private-equity-podcast-252796/competitive-advantages-and-carve-outs-w-tpg-s-steve-ellis.md
Podcast: [Dry Powder: The Private Equity Podcast](https://stenobird.com/podcast/dry-powder-the-private-equity-podcast-252796)
Published: 2025-09-16T08:00:00+00:00
Episode link: https://dry-powder-72f03771.simplecast.com/episodes/competitive-advantages-and-carve-outs-w-tpgs-steve-ellis-2nSABFNm
Audio file: https://cdn.simplecast.com/audio/66df01ff-a0e1-4bc4-b81b-b233a3d0604e/episodes/f1dc4196-5638-4447-a68f-75819a22c9be/audio/4cd1cd2d-5aec-4579-8633-761e7dc352c7/default_tc.mp3?aid=rss_feed&feed=rh_8uLBO
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Duration seconds: 914

## Resource

In part two of our interview series, we explore how the impact lens can enhance carve-outs — from deal sourcing to execution.

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## Transcript

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