Chapter 4: The Universe of Investment
Private equity isn’t just one thing. It’s a whole universe that follows a company from its very first day until it’s a giant corporation.
Private equity isn’t just one thing. It’s a whole universe that follows a company from its very first day until it’s a giant corporation.
If venture capital is the glamorous part of private equity, LBOs are where the real money lives. According to Demaria, leveraged buyouts represent roughly 69% of all PE fund investments. This is the heavy machinery of finance, and Chapter 4 spends serious time explaining how it works.