In the 1980s, private equity made money from leverage. In the 2000s, from leverage plus multiple expansion. With rates above zero again and multiples no longer a tailwind, the money increasingly has to come from making companies better.
What the study covers
- 1Overview
- 2How it works
- 3Economics and key numbers
- 4Key players and landmark examples
- 5Risks and pitfalls
- 6How an expert thinks about it
- 7Glossary
- 8Related sections