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Other PE funds… it gives the original fund a way out and typically a gain to show for it while bumping the problem to the next fund Was an article about this i
by youngtaff 4y ago
Other PE funds… it gives the original fund a way out and typically a gain to show for it while bumping the problem to the next fund
Was an article about this in the Financial Times recently
- listenallyall 4y agoSince people hate PE funds so much (after all, they are usually led by billionaires), why is there so much despair over one PE fund selling another PE fund a lump of garbage? I'd think many people would celebrate.
- youngtaff 4y agoBecause the PE partners get to take their profit from the first sale And whoever invested in the second fund, which for example may be your pension scheme, is left carrying the cost