The 'Leadership Capital' Report 2025

The 7th edition — leadership at the centre of value creation

Now in its seventh year, The Leadership Capital Report is the most complete edition yet, bringing together data from more than 12,000 exit deals and 84,000 leaders across the private equity market. This year’s report expands its lens to cover leadership at every level of value creation from the fund and operating partner teams driving strategy, to the portfolio leaders delivering performance.

In a market defined by longer holds, tighter liquidity, and rising demands for transparency, the evidence is clear:

Leadership capital continues to define outcomes.

Built on the collective intelligence of The LCap Group

Drawing on data and analysis from Confidas, DRAX, and Peoplewise, the report shows how leadership quality is now measured, managed, and monetised as a core source of value creation.

Welcome to the Seventh Edition of The LCap Group's 'Leadership Capital Report'.

This report will help you to understand...

- How leadership capital drives value creation across every stage of the investment lifecycle.
- Why early leadership change and behavioural alignment predict stronger returns.
- How data, analytics, and diligence now shape leadership decisions at the fund and portfolio level.
- The impact of gender balance, behavioural diversity, and interim capability on long-term performance.

The Leadership Capital Report 2025 shows how leadership capital underpins value creation at every stage of the investment lifecycle. From pre-deal diligence to post-deal transformation, the evidence is clear: leadership strength is directly linked to fund performance.

What Insights to Expect

This year’s edition looks at leadership capital as a measurable asset, how it can be tracked, managed, and linked directly to performance. It explores how C-suite structures are evolving, how Operating Partners and value-creation teams are driving returns, and how data-led diligence and Open Source Intelligence are used to assess leadership fit and risk. You’ll find new data on leadership turnover, succession timing, and functional depth.

It also includes:

Real examples from DRAX’s portfolio work
Behavioural diagnostics from Peoplewise on top-performing teams
Intelligence from Confidas on leadership diligence and reputation risk

The report closes with benchmarks comparing top- and bottom-quartile performers, showing how leadership velocity, the speed and decisiveness with which teams address misalignment, affects long-term value creation.

It also includes:

Real examples from DRAX’s portfolio work
Behavioural diagnostics from Peoplewise on top-performing teams
Intelligence from Confidas on leadership diligence and reputation risk

To Receive Your Copy of the 7th Edition Leadership Capital Report 2025

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Access the full report and see how leadership capital is shaping private equity performance across funds, portfolios, and management teams.

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