Re:Private Equity Is Gutting America – and Getting Away with It
by coastermug on Friday April 28, 2023 @04:41PM
(#35746860)
So this is why I ask about profitability -at the portfolio level-. In your and the article’s example, the PE manager turns a profit not because he screws the business, but because he also screws the bank who loaned money. What bank will continue to loan to companies managed by PE if they expect them to asset strip and default on the loans?
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