PE To The Rescue? Geinther's Plan Could Help Private Equity's Reputation
Yesterday I talked to a few PE pros about the big news: Private equity is finally getting its chance to help assuage the economic crisis, after months of complaining that it has "massive pools of capital that could be put to good use." Setting aside any conversation on logistics, or any debate over whether it's smart for private equity firms to gobble up toxic mortgage-backed securities willy-nilly, or whether LPs want them to, or whether they even want to... let's look, for a minute, at the potential positive effect this decision could have on perceptions of the private equity community. Those I spoke with were both interested and delighted at the inclusion of private equity in the plan for bailing out our banks. Said one PE pro: "The government is finally acknowledging that private equity firms are an important source of capital for companies."
