# Ep. 132: Eugene Polevoy, Blue C Capital | The Independent Sponsor Model and Alignment-First Deals Page: https://stenobird.com/podcast/private-equity-value-creation-podcast-7052671/ep-132-eugene-polevoy-blue-c-capital-the-independent-sponsor-model-and-alignment-first-deals Text version: https://stenobird.com/podcast/private-equity-value-creation-podcast-7052671/ep-132-eugene-polevoy-blue-c-capital-the-independent-sponsor-model-and-alignment-first-deals.md Podcast: [Private Equity Value Creation Podcast](https://stenobird.com/podcast/private-equity-value-creation-podcast-7052671) Published: 2026-06-04T04:00:00+00:00 Episode link: https://www.spreaker.com/episode/ep-132-eugene-polevoy-blue-c-capital-the-independent-sponsor-model-and-alignment-first-deals--72336804 Audio file: https://api.spreaker.com/download/episode/72336804/425131258_44100_2_312ace0169688.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/private-equity-value-creation-podcast-7052671/episodes/ep-132-eugene-polevoy-blue-c-capital-the-independent-sponsor-model-and-alignment-first-deals Duration seconds: 2353 ## Resource On this episode, Eugene Polevoy, Founder and Managing Partner at Blue C Capital, joins the show to unpack the independent sponsor model—how the firm closes nine-figure deals without raising a committed fund and structures economics around carry instead of management fees, with a 10 percent preferred return for LPs.Learn why the bottleneck inside a portfolio company shifts quarter to quarter, and why knowing when to exit is more art than science. Plus, learn how AI now lets a lean firm analyze working capital, benchmark cost per lead and pressure-test value creation plans in minutes. ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/private-equity-value-creation-podcast-7052671/episodes/ep-132-eugene-polevoy-blue-c-capital-the-independent-sponsor-model-and-alignment-first-deals/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/private-equity-value-creation-podcast-7052671/ep-132-eugene-polevoy-blue-c-capital-the-independent-sponsor-model-and-alignment-first-deals.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.