Alpha Talks: Governance as the New PE Advantage | Michel Galeazzi, Partner/Co-founder at Evoco

In today’s private equity landscape, the classic levers of value creation are no longer enough. As markets evolve and competition intensifies, governance is emerging as a critical differentiator for forward-thinking investors.

In this episode of Humatica’s Alpha Talks, Andros sits down with Michel Galeazzi, Managing Partner and Co-founder at Evoco AG, a Zurich-based mid-market buyout firm. Drawing on over two decades of experience—including years at leading London-based funds—Michel shares how he built a differentiated private equity strategy focused on governance, and why the old playbook is no longer fit for purpose.

Michel offers a candid perspective on where private equity is heading:

• A fragmented industry with new models beyond the classic GP structure
• Slowing liquidity and tighter M&A markets
• Why multiple arbitrage is a thing of the past
• How governance and organisational design drive sustainable value
• When management teams need to evolve as companies grow
• Why rational, data-driven organisational discussions matter more than gut feeling

He also highlights how firms like Humatica contribute to this process—bringing structure, benchmarks, and a rational backbone to sensitive organisational decisions. As Michel notes, sustainable value creation now depends on open, evidence-based conversations about governance and organisational design, not just instinct or tradition.

If you’re interested in how leading investors are building edge through governance, people, and replicable processes, this conversation offers a clear blueprint for the future of private equity.

Watch full episode on YouTube.

Guests:

• Michel Galeazzi – Partner, Evoco
• Andros Payne – Managing Partner, Humatica