Friday Letter: Survival of the fittest

Critics of the private equity model frequently suggest it is an easy game with easy profits. Investors are falling over themselves to hand cash to managers who then throw it at target companies, whose management capitulate at the prospect of the gravy train making an unscheduled stop at its door.  

To view this content, you need to sign in.

You should only be asked to sign in once. Not the case? Click here

Register now to access this content and more for free.

Share this