> if you wanna fix or ban PE, solve pensions PE is a bogeyman, emblematic of a problem but not the problem per se. The problem is leverage. Critical services s

> if you wanna fix or ban PE, solve pensions PE is a bogeyman, emblematic of a problem but not the problem per se. The problem is leverage. Critical services should have a borrowing limit and prohibitions on any pay-outs to owners while any leverage is in place. Kicking out private equity and replacing them with family offices doesn’t solve anything; removing the debt does.