Private Equity's Creative Wizardry Posing Systemic Risk?
Pension Pulse
JULY 11, 2024
“It gets back to the ability to grow the operating performance of the companies and making sure that returns” come from that rather than from “financial leverage,” he tells Bloomberg. And the use of PIK and other forms of so-called “back leverage” makes it even more difficult to get a clear picture on the state of privately owned companies.
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