Peter Morris

Peter Morris, a seasoned banker and buyout expert, dives into the $7 trillion private equity industry. He traces its origins from the 1970s and discusses how pension funds became deeply invested. Morris elaborates on the 'two-and-twenty' fund model, the implications of deregulation, and why massive fees are a norm. The conversation also touches on the industry's adaptability after economic downturns and its future convergence with public markets. Insights into the challenges posed by high leverage and agency problems provide a thought-provoking look at this financial realm.