Bloomberg Wall Street Week - May 26, 2023
Wall Street Week
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How HGGC Fits Into the World of Private Equity
Private equity has come a long way since Henry Kraviss and George Roberts put it on the map with that $25 billion buyout of RJR Nabisco back in 1988. Today, private equity is a massive asset class with over $11 trillion invested and another $3 trillion in so-called dry powder waiting to be deployed. Although higher rates slowed things down at the end of last year, it's just beginning to show signs of coming back.
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