These are not the Ponzi schemers you are looking for
Sky high valuations have created conditions necessary for the Private Equity Industry to Strike Back and complete deals at prices that could yet prove to be costly. But far from engaging in weird Jedi mind tricks that are hoodwinking investors, GPs are simply responding to market dynamics and let’s face it, the galaxy is hardly at threat if the odd deal or two goes awry. Some might compare it to a Ponzi scheme but this is an industry where performance has lived up to scrutiny so maybe it’s time to relax and have a drink in the Cantina Bar. Mine’s the first round!
