Jenkinson, Tim (2009) Understanding the private equity phenomenon. In: CFA Institute Conference Proceedings Quarterly, 26 (1), pp. 77-83.
Private equity’s high degree of leverage in the boom years leading up to the recent bust is a dominant factor in that market’s current precarious state. Valuations have fallen precipitously and are likely to fall farther, with some firms going into default. But many firms will prove robust, and those firms with cash available should be able to find excellent bargains in 2009 and 2010.
|Item Type:||Conference or Workshop Item (Paper)|
|Keywords:||Alternative Investments; Private Equity|
|Centre:||Oxford Private Equity Institute
Faculty of Finance
|Date Deposited:||19 Feb 2012 16:45|
|Last Modified:||23 Oct 2015 14:06|
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