Melanie Nabar, Principal at Volition Capital, discusses how credit market conditions and maturing debt obligations will negatively impact leveraged private equity portfolios.
0:00 / 0:13exact quote · 14.0s
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“And I think that given the anxiety in the market, it will be harder to Get debt facilities if you have balloon payments coming up to replace, and that will actually increase the loss rate for the private equity firms.”
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More from Melanie Nabar
Insight
Large funds trap growth firms into drifting toward buyout check sizes
“I think a lot of firms fall into the trap of they're really good at a certain stage. That's why they raise funds. That's why they raise multiple funds. But then because they raise such large funds, they have to start to think about, okay, now we're actually ed…”
Melanie NabarApr 21, 2026▶ 14:41Mastering Growth Equity with Melanie Nabar of Volition Capital | The Innovators & Investors Podcast
PredictionNot checkable as stated
Excel and PowerPoint skills will become redundant within five years
“I learned skills that will be redundant, like Excel and PowerPoint. Not gonna matter in five years, but we're very helpful in the first 10 years of my career.”
Melanie NabarApr 21, 2026▶ 25:25Mastering Growth Equity with Melanie Nabar of Volition Capital | The Innovators & Investors Podcast
PredictionOpen · timeframe Apr 2031
Early-stage VC loss rates will exceed the past decade's average
“I think the loss rates in companies that are early stage will be higher than they have been over the last 10 years, just like they were after the dot-com boom.”
Melanie NabarApr 21, 2026▶ 29:43Mastering Growth Equity with Melanie Nabar of Volition Capital | The Innovators & Investors Podcast
PredictionNot checkable as stated
AI-native startups will displace traditional SaaS incumbents
“So that hasn't changed, but what has changed is I think we are going through a shift where there will be haves and have nots on the transition into being AI native. There will be companies that were originally, you know, a typical SaaS platform and do a great …”
Melanie NabarApr 21, 2026▶ 6:11Mastering Growth Equity with Melanie Nabar of Volition Capital | The Innovators & Investors Podcast
Disclosure
Volition Capital builds concentrated portfolios of 15 to 20 companies per fund
“We are investing in 15, maybe 20 portfolio companies. So, more diversified than a founder, but about as aligned as we could get while also having LPs be willing to have us invest their capital.”
Melanie NabarApr 21, 2026▶ 9:02Mastering Growth Equity with Melanie Nabar of Volition Capital | The Innovators & Investors Podcast
AssertionSupported
Summit Partners and TA Associates created the growth equity category
“Summit and TA were the two kind of first growth equity firms to create this category”
Melanie NabarApr 21, 2026▶ 18:32Mastering Growth Equity with Melanie Nabar of Volition Capital | The Innovators & Investors Podcast
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