The short, medium and long-term effects of the collapse of Lehman Brothers a decade ago.

In the final instalment of a three-part series, long-time limited partner turned consultant Ray Maxwell reflects on shortcomings of the hurdle rate in private equity and proposes an alternative.

Watch the short (2-minute) clip or full-length (25-minute) interview with Cambridge Associates’ Andrea Auerbach on due diligence, fundraising and PE after Abraaj.