The Overhyped and Overleveraged Private Equity

Dan Borsuk: Dan, I think you first came into my line of sight. And I dare say it was a belated sighting because you had done so many things before this,. But I remember so well, and we wrote about it as if we were yesterday, a paper you did on private equity, and this was 2018. It was the most persuasive piece of analysis I'd ever read on the vulnerabilities and the pretensions of private equity. The headline had something to do with overhyped and overleveraged. That claim is largely bogus," he says.