Two and twenty : how the masters of private equity always win
Khajuria, Sachin2022
Books
Private equity was once an investment niche, with the industry managing just $500 billion. No more. Today that number exceeds $7 trillion for all forms of private capital, with leading firms directing more money than some countries' entire GDPs. The industry has overtaken investment banking - and well-known names like Goldman Sachs, JP Morgan, Morgan Stanley, and Citi - as the premier destination for ambitious financial talent, as well as the investment dollars of some of the world's largest pension funds, sovereign wealth funds, and endowments. At private equity's pinnacle are the firms' partners, happy to earn 'two and twenty' - that is, a flat yearly fee of 2 percent of a fund's capital, on top of 20 percent of the investment spoils. The private equity industry has succeeded in near-stealth - until now.
Main title:
Two and twenty : how the masters of private equity always win / Sachin Khajuria.
Author:
Khajuria, Sachin, author
Imprint:
New York : Currency, 2022.
Collation:
272 pages ; 21 cm
ISBN:
9780593239599 (hbk. :)
Dewey class:
332.6
Language:
English
Subject:
BRN:
1192486
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