By: Isaac Lempriere From reading the headlines around SPACs (Special Purpose Acquisition Companies) it is clear that as an investment they mean many different things to many different people. For hawkish investors like Jeremy Grantham, they are a “reprehensible...
By: Isaac Lempriere Since it first dawned on Wall Street that Henry Kravis and his cousin George Roberts were “real people with real money” during the leveraged buy-out of RJR Nabisco in 1989, private equity has grown by leaps and bounds. By sheer size, private equity...
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