Show Notes
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 direction The mindset required to transition from advisor to investor Lessons 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-374a3214b https://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 | LinkedIn Disclaimer: 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.
More from What I learned in business (that didn't kill me!)
Jamie Whincup is one of the most successful drivers in Australian motorsport history — a seven-time Supercars champion, four-time Bathurst 1000 winner and winner of 125 Supercars races. But his journey to the top was anything but straightforward.
What can almost 30 years with the elite SAS teach business about leadership, resilience and building teams that perform?
What happens when you spend 15 years building a business, take it public—and then find yourself leading it into voluntary administration as COVID hit?