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Bloomberg Businessweek Weekend - April 28th, 2023
Bloomberg Businessweek
The Conflicts Between Private Equity and Pension Funds
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Pension funds really are the enablers here. Because they want the investment. It's partially due to the accounting rules that we had an underfunded pension system for a very long time. You know, it's funny that you bring up academic studies because there are so many academic studies that are funded by private equity. The authors sometimes don't tell you about the conflicts. They just gave me a lot of studies that had private equity, you know, sort of affiliation. And I said to them, "I'm sorry, I'm just not going to do that"
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