This article is part of the “Perspectives in Private Equity” series.
Introduction
Over the past 40 years, private equity has evolved from a niche alternative asset class centered on leveraged buyouts into a global industry, with asset managers now pursuing diversified, multi‑asset strategies and with assets under management projected to reach $12 trillion. The industry has continually adapted in response to disruption, evolving from an early model built on financial engineering to one focused on...
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