We talk to private equity expert Jim Strang on the day he is appointed chairman-elect of the high performing HG Capital. We ask Jim about the interplay between the turmoil in public equity markets and the impact on private equity markets. We ask how resilient natural resources funds will be to things like this week’s price war in energy markets and also explore the reputation of private equity for high leverage which could be a challenge as we approach a year in which many consumer facing sectors are likely to suffer a temporary and unforeseeable lull in revenues.