Global Investor The Future Of Private Equity
At first sight, the slipping prominence of private equity reflects the attention being given to two other segments of the financial industry: the struggling Westernbanks and brokerage firms who are still reeling from huge losses and the sovereign wealth funds that have given them $69 billion in capital in less than a year. Yet as important as this two-sided relationship is—and it is important as the United States tries to avoid a recession that could affect other countries—it should not totally overshadow what is also happening to private equity....