Financial Times and Stanford Business School Describe How Private Equity Investors Like CalPERs Act Like the Dumb Money They Are
In a bit of synchronicity, we have two accounts that describe different aspects by which private equity limited partners, such as public pension funds like CalPERS, private pension funds, endowments, life insurers, and sovereign wealth funds are all cheerfully fleeced by private equity fund managers, which in the trade are called “general partners”. The Financial […]