The Private Equity Debate Revisited
Capitalisn't
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The Benefits of Private Equity
Jeffrey Toobin: The S&P 500 is not in my view the right comparison. He says private equity firms are more risky both because of the type of investment, but in particular because of the amount of leverage they put in. But once you control for the assets they pick and you control for how much leverage they put into the company, the performance of the private equity industry seems to be pretty much in line with benchmarks,. So, there is no evidence of all the performance. And this is very important because also explains why they sell so well, in spite of not being so good in performance.
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