Jun
26
A Primer on Private Equity
By
Private equity buys up assets — everything from housing to ambulance companies — often at a bargain.CreditJason Henry for The New York Times
Private equity firms, once known as corporate raiders, are now huge, influential and everywhere in everyday American life. In a series of stories, we chronicle private equity’s ascendance, and some of the problems it has caused. (Read the first part »)
Here is a brief primer on the industry.
What is private equity?
In general, private equity refers to investment firms that use large chunks of money from pension funds and endowments to buy up businesses and other assets. Private equity firms are not as regulated as the banks…
