> However, they recently switched to investing in private equity funds and now they are getting much better returns, without all the pesky moral issues involved

> However, they recently switched to investing in private equity funds and now they are getting much better returns, without all the pesky moral issues involved with it. Investors Warn of 'Rot in Private Equity' as Funds Strike Circular Deals - https://news.ycombinator.com/item?id=46380751 https://news.ycombinator.com/item?id=46380751 - December 2025 Once Wall Street’s High Flyer, Private Equity Loses Its Luster - https://news.ycombinator.com/item?id=46364566 https://news.ycombinator.com/item?id=46364566 - December 2025 Private Equity’s Latest Financial Alchemy Is Worrying Investors - https://news.ycombinator.com/item?id=44891882 https://news.ycombinator.com/item?id=44891882 - August 2025 People Are Worried About Private Market Liquidity - https://www.bloomberg.com/opinion/newsletters/2025-06-10/people-are-worried-about-private-market-liquidity https://www.bloomberg.com/opinion/newsletters/2025-06-10/peo... | https://archive.today/wJ3Uf https://archive.today/wJ3Uf - June 10th, 2025 Private Equity Fundraising Plunges Amid Struggle to Return Cash - https://www.bloomberg.com/news/articles/2025-05-27/private-equity-fundraising-plunges-amid-struggle-to-return-cash https://www.bloomberg.com/news/articles/2025-05-27/private-e... | https://archive.today/hxvzb https://archive.today/hxvzb - May 27th, 2025 Private Equity Firms Hunt for Alternate Ways to Return Investor Cash - https://www.bloomberg.com/news/newsletters/2025-05-14/private-equity-firms-hunt-for-alternate-ways-to-return-investor-cash https://www.bloomberg.com/news/newsletters/2025-05-14/privat... | https://archive.today/6UzBk https://archive.today/6UzBk - May 14th, 2025 Unlocking a potential US$3.8 trillion opportunity for private equity firms - https://www.deloitte.com/us/en/insights/industry/financial-services/private-equity-liquidity-challenges-and-fundraising-strategies.html https://www.deloitte.com/us/en/insights/industry/financial-s... - December 16th, 2024