PE Partnership Transitions: Greed vs. Legacy

Leadership transitions within private equity firms are icebergs: sometimes the tips are spotted in the distance, but the vast majority are usually out of sight and only significant in a catastrophe. Large crashes became well-known, but even then information is largely anecdotal -- stories passed around with cocktail glasses. Most leadership transitions float past, largely hidden from view. However a working paper from researchers at Harvard…

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Reading List: Herbalife Shorts

Finance is rarely entertaining.  But when it is, it's a doozy.  Last year the activist hedge fund titan Bill Ackerman bet that Herbalife -- a company with 33 years of history and $3.5 billion in annual revenue -- was a souped-up pyramid scheme. Eventually Ackerman bought over 20 million shares of Herbalife short, a tremendous financial bet. Which is where…

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Private Equity under a Political Lens

The ascension and resistance to the presidential aspirations of former Bain Capital head Mitt Romney has lead to a sudden mainstream ocus on private equity – even when Romney is mistakenly identified as a venture capitalist.  Fortune Magazine’s Dan Primack sees plenty of faults on both sides, and offers his hopes for an honest debate. Primack fact checks the video…

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