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Making private equity work
When the private equity bubble burst, some investors in the asset class took to their heels and never came back. Those who stayed are taking steps to understand where they went wrong. Philip Borel finds out what these LPs are doing as the market recovers - and learns that not all classes of LPs are the same when it comes to manager selection success. Who would you predict is the more successful investor type: funds of funds or endowments?
