Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Private equity fund general partners should teach creativity classes at business schools. Despite the drought conditions in the exit markets where private equity-backed firms will go public or get acquired, fund managers have conjured up liquidity events with continuation vehicles. These transactions rely on self-dealing, and their value should be treated with suspicion. The resulting extension of the private equity fund lifespan expands private credit’s investment opportunities.
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