Private Equity was bar none the biggest winner in the financial crisis. They got to buy all sorts of assets super cheap, fund those purchases at interest rates

Private Equity was bar none the biggest winner in the financial crisis. They got to buy all sorts of assets super cheap, fund those purchases at interest rates not seen in many years, skirt Reg T[1], and a dodge taxes via the carried interest tax loophole. What's not to love about them. Oh, and let's forget they often secretly double dip on fees. i.e charge their LP's management fees, and their portfolio companies advisory fees (which are often not disclosed to their LPs). Despite all this hating, I'd sooner invest in a PE fund then HF or VC. [1] regular investors can only lever 2:1 in equities, but PE often leverages 10:1 or more.