A ‘Seismic’ Shift in Private Markets
Exchanges
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Private Equity - What Has Changed the Most From the Eighties to Today?
In the early days, a lot of it was really around finding valued companies. Financial engineering was a very important feature of the first few decades of the private market. You can't put in a dollar of equity and borrow a dollar of debt, and expect to make 20 % rates of return or better. So what you really have to do now is work hard for your money,. And there's a lot of ways to do that.
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