For fund managers in this industry, politics matters. Public perception matters. If the concept of private equity conjures images in the public mind of well-heeled vampires sucking the life out of corporate America, it will make for some uncomfortable conversations with LPs (specifically public pension plans) subject to political pressures.
The Obama risk
President Obama’s first attack on private equity has largely fallen flat. But that’s no reason for the industry to ease off on its lobbying efforts.
