Remove Leveraged Buyouts Remove Pension Funds 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

I think that private equity sees this as an opportunity, because they’re not really growing the institutional aspect of their business. Pension funds, perhaps, maybe aren’t growing as much as they need them to. MORGENSON: Well, these are private companies, not the firms themselves.