Private Equity Demystified: An Explanatory Guide
Preface to the second edition In 2007 the private equity industry came under intense public scrutiny including a House of Commons Select Committee enquiry. We published the first edition of Private Equity Demystified in August 2008 and since then the financial world has experienced unprecedented turmoil. We have therefore taken the opportunity to revisit the accusations laid at the feet of the private equity industry and our tentative support for the industry in the first edition of this guide with the benefit of hindsight. In summary we find the thesis that private equity created, spread or encouraged an increase in systemic risk to be almost wholly incorrect….