The corporate raiders of the private-equity (PE) industry have been memorably compared to invading barbarians. But the industry is more usefully described as a machine, which converts investors’ money into deals, deals into profitable divestments (or “exits”), and exits into investor returns. When running well, this contraption gathers a momentum of its own. Profitable exits generate handsome returns, which tempt investors to pump in more capital, enabling further dealmaking.
The recent indictment of James Comey has galvanized the usual suspects of the Washington establishment, who have reacted predictably to...
This is Naked Capitalism fundraising week. 554 donors have already invested in our efforts to combat corruption and predatory conduct,...
Taiwan will lose protection if it fails to move semiconductor chip manufacturing to the United States. The nation must determine...
Federal Reserve Chair Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee...
This is Naked Capitalism fundraising week. 613 donors have already invested in our efforts to combat corruption and predatory conduct,...
Last week, former FBI director James Comey was charged with making false statements to Congress. The specific comment in question...
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