In this video, Paul Evans explains the concept of private equity mandates, which are critical investment directives that define the limits, policies, and objectives for private equity groups. He discusses how these mandates guide investment strategies, providing flexibility across various transaction types and sector targets. Ranging from $5 million to $25 million, private equity mandates offer substantial investment firepower and can be tailored to specific markets and industries. Understanding these mandates is essential for business owners looking to align their companies with the right investment opportunities.