Introduction to Private Equity: Venture, Growth, LBO and Turn-Around Capital, 2nd Edition
by Cyril Demaria
Part III
Private Equity in Teenage Time Trend Setting, Fads and Responsibilities
‘It is important not to be important’ (George Marshall). Private equity strove to stay under this umbrella, which now no longer applies. As it gains in importance and with some groups such as Blackstone, KKR and Apollo going public, is private equity going to stay . . . private?
As the private equity sector develops, it attracts more attention. It may move towards an organised market, which appears to contradict its nature. The increased participation of institutional investors in private equity funds is driving the transformation of this market (Chapter 6). The financial power of multi-billion dollar LBO funds raises some questions regarding the ethical rules applied by fund managers (Chapter 7).
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