What Is Private Equity All About, Anyway?

Most people are hampered in trying to evaluate the smears that have been directed at Mitt Romney and Bain Capital by leftists, abetted by Newt Gingrich and Rick Perry, because they lack any clear idea of what Bain and other private equity firms do. So I asked a friend who is an extremely sophisticated participant in the world of finance to explain private equity to our readers. He articulates succinctly … Continue reading What Is Private Equity All About, Anyway?