Private Ties: Technology Rises in Private Equity
Following the financial services industry’s collective flogging four years ago, the 2012 US elections saw a more specific target this time around: private equity—and presidential candidate Mitt Romney’s firm, Bain Capital, in particular. Whether that criticism was deserved is a matter of judgment—surely not all venture capitalism is “vulture” capitalism, and the private markets offer a number of advantages public trading does not—but the takeaway was clear: Private equity is naturally secretive
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