Why I am not investing in a buyout for a long time to come
ORIGINALLY PUBLISHED APRIL 2023.
The investment model of private equity has become too popular.
“By now it should be very clear that current investment “alternatives” such as buyouts are no longer alternative….
“Just because prices are not marked to market does not mean that those prices have not moved with the market.”
Particularly well written and clear from an authoritative observer of the industry.
Ludovic Phalippou
Professor of Financial Economics, Oxford U.