Bailout Busts: The Private Equity Meltdown Myth

by Benjamin Domenech on 7:19 pm February 17, 2009

Michael Gross, a founding partner of the private equity firm Apollo Management LP who is now at a hedge fund, recently asked a group of business students at Northwestern University this question: In three years’ time, what might the private equity and airline industries have in common? His answer: From day one, neither will have ever made a return for its investors.

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