Private Equity is a rarified world straight out of Barbarians at the Gate. There‚ steel-nerved bankers plot to takeover companies‚ reorganize them in a way that magically adds enormous value and then sell those concerns for a monstrous profit. The deals these firms do regularly captivate the business press.
It also happens to be one of the fastest growing sectors of the financial community where seasoned Wall Street professionals go in search of outsized opportunity. With the success wealthy families‚ pension funds and university endowments have had investing with of firms like Blackstone‚ KKR‚ Texas Pacific Group and Evercore‚ it is no wonder that smaller investors have flocked to these firms as they reach out to ever smaller investors.
Private Equity‚ many think‚ will replace mutual funds with many individuals. But few investors know what these firms actually do to realize their impressive returns. Just as Peter Lynch's One Up on Wall Street introduced the investing public to equities and showed them the lives of fund managers as they evaluated companies and picked stocks‚ David Rubenstein's BEYOND WALL STREET will give a generation who have seen no growth in the stock market a way to build wealth for their futures.
