# E387: Where Alpha Hides in Private Equity | Josh Adams

Page: https://stenobird.com/podcast/how-i-invest-with-david-weisburd-6470713/e387-where-alpha-hides-in-private-equity-josh-adams
Text version: https://stenobird.com/podcast/how-i-invest-with-david-weisburd-6470713/e387-where-alpha-hides-in-private-equity-josh-adams.md
Podcast: [How I Invest with David Weisburd](https://stenobird.com/podcast/how-i-invest-with-david-weisburd-6470713)
Published: 2026-06-10T12:45:00+00:00
Episode link: https://howiinvestpodcast.com/episodes/00A5PNegVQ3
Audio file: https://dts.podtrac.com/redirect.mp3/media.podcastai.com/episodes/00A5PNegVQ3.mp3?u=1781096401
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Duration seconds: 2084

## Resource

What if the best private equity opportunities are hiding inside businesses that everyone else thinks are too complicated to touch? In this episode, I sit down with Josh Adams, Partner at OpenGate Capital, to discuss why complexity has become one of the firm's greatest competitive advantages. Josh explains how OpenGate built a specialization around corporate carve-outs, why Europe offers more inefficiency than North America, and how operational improvements drive value creation in today's market. We also discuss sourcing, specialization, alignment, decision-making, and why focus has become increasingly important as private equity continues to evolve.

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## Transcript

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