#21 The Economist
Behind the Balance Sheet
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The Impact of the Fed Tightening on Private Equity
I think that private equity is going to have a much, much harder time over the next 10, 20 years than it's had over the last 10, 20, 30 years. And we start off from a position that many of the private funds haven't properly marked a market. But for the most part, private equity on the whole gives you leveraged public equity returns over time. They are slightly riskier maybe, but you don't see those risks on a daily basis like you do with your public equities.
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