Remove 2008 Remove Leveraged Buyouts Remove Private Companies
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Transcript: Michael Fisch

The Big Picture

But there came to be, in certain situations, buyers that were bootstrap, buyers that were, we would call ’em today, they then leveraged buyout financiers. And now we call it the private equity industry. Did you see like what was the fixed rate world like on the private side when things were dirt cheap?

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Transcript: Gretchen Morgenson

The Big Picture

MORGENSON: Well, these are private companies, not the firms themselves. But when they buy a company and put it into a fund, it’s a private company. And so, how they mark the value of that company is, there’s leeway there, Barry. Tell us a little bit about how performance numbers are ginned up.