Sometimes the consumer press scoops us big time, such as the news that investment banking giant Goldman Sachs has acquired private equity powerhouse TPG. This from consumer-electric news site CNET, reporting last month on the exit from Alltel by TPG and Goldman: “The deal was struck only seven months after Alltel was bought out by TPG Capital,
QUOTABLES
David Swensen, the influential head of Yale University's endowment (see also p. 66), interviewed last month in the
Simon Walker, chief executive of the British Private Equity and Venture Capital Association (BVCA), concedes that before the credit crunch some private equity firms had prospered on leverage alone
James Poterba, president of the National Bureau of Economic Research, in an interview with the Reuters Investment Outlook Summit. He added that he expects the recession, which the NBER says started in December 2007, to be longer than average
Steven Kaplan, a professor at the University of Chicago Booth School of Business, talking to Bloomberg