Private Equity: A Crisis Averted?

Good afternoon, fine readers of peHUB. My name is Heidi N. Moore, and I'll be one of your cruise directors for the next two weeks. If you look out the windows on your left side, you'll see a massive crisis surrounding European sovereign debt. Those on the right side of the ship will see unprecedented lack of faith in our national stock markets. Crisis, crisis everywhere, and not a moment to think. So here's the question: How and why did private equity somehow avoid its own massive crash? Consider how the industry has come roaring back in recent weeks. Financing is looking pretty good; the junk bond markets are booming to record volume and pricing levels not seen since 2007. Leverage multiples are lofty, to say

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