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The Private Equity Debate Revisited

Capitalisn't

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The Importance of Average Performance in Private Equity

Jeff Smith: If all this money came in after the performance was bad, you would have to assume investors were really stupid. And I don't think that's the case. It is incontrovertible, Jeff, in all these databases that you get out performance over this period. The private equity is pretty much flat with the public markets.

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