Andrew Beer on the Hedge Fund Industry (Podcast)
Masters in Business
00:00
Investing in the LBO Business in the 1980s
LBO's in the 1980s were a function of distortions in the junk bond market. institutions and consultants around institutions had their own reasons for having these new asset class categories. Once they labeled lbo slash private equity an asset allocation it was the first movers into that ended up getting new clients because they could say we have special access to this area.
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