Research by Dan Rasmussen at Verdad Advisors (reported in FT) sums up the 'strategy' of #privateequity (PE):
'By & large, as an industry, PE firms take control of businesses to increase debt. As a result, or in tandem, the growth of the business & the rate of spending on capex slows. That’s a simple, structural change, not a grand shift in strategy or a change that really requires any expertise in management'!
Some might call this parasitic on firms prior success; but 'brilliance' it ain't!
Emeritus Prof Christopher May /
npub1hr…f2ktj
2023-07-11 05:50:45
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2023-07-11 05:50:45Event JSON
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