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Private Equity’s Delirium: The Big Point

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.

The Rabid Capitalist has documented private equity’s chronic pain syndrome in a previous issue. Institutional investors are suffering from a consequence of this condition, delirium. The noxious stimuli that trigger confusion for general and limited partners alike, include unsatisfactory internal rates of return (“IRR”), cash distributions, portfolio company exit volume, realized value concentration, average portfolio company holding period, total unrealized value and fund net cash flows.

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