Private equity has always been a lightning rod for criticism from politicians and unions, which repeatedly accuse the industry of asset stripping. The accusation by Franz Müntefering, chairman of Germany’s Social Democrats, that private equity funds were “swarms of locusts sucking the substance” from German companies has dogged the industry ever since. But since 2007 it has not only been the targets of leveraged buyouts that have questioned their benefit but also investors in the buyout funds financing them.
The two and 20 fee structure applied with such success to the hedge fund industry has also reaped enormous rewards for private equity.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
