I would argue it’s a matter of degree, not of kind. “Private equity” is a rhetorical device to convert “I run an unglamorous business” into “I’m the kind of per

I would argue it’s a matter of degree, not of kind. “Private equity” is a rhetorical device to convert “I run an unglamorous business” into “I’m the kind of person who gets the private tour”. All the status stuff can be bought.