Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Last week, the Wall Street Journal exaggerated with their headline “Rising Rates Will Make Private Equity’s Bad Year a Lot Worse.” The Fed’s monetary tightening will not drown these funds, but flood damage will be unavoidable. This statement is not optimistic. It merely recognizes the troubled nature of private equity and the enduring nature of our business development company investment opportunity.
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