Wharton Private Equity Review
8 May 2008 at 8:59 am Peter G. Klein 1 comment
| Peter Klein |
A special report from Knowledge@Wharton:
While the credit crunch has put a damper on headline-grabbing large buyouts, private equity firms have found other ways to discover value in the current market. In this special report, produced in cooperation with the Wharton Private Equity Club, Knowledge@Wharton looks at how funds are adapting to changes in the credit environment, what opportunities exist in the developed markets of Europe and Japan, and the ways that proposed changes in taxation may affect the industry. Also included is a roundtable discussion on setting up a first-time fund in the current market, as well as an interview with David Rubenstein, co-founder and managing director of The Carlyle Group.
Get the report here. For more on private equity see the proceedings from last fall’s AEI conference.
Incidentally, I used Jensen’s “Eclipse of the Public Corporation” in my strategy class this semester amd continue to be impressed with Jensen’s insight and prescience in that piece, now nearly twenty years old. Still an excellent introduction to the organizational economics of private equity.
Entry filed under: - Klein -, Corporate Governance, Entrepreneurship, Strategic Management.
Organizations and Markets 
1.
Warren Miller | 8 May 2008 at 6:18 pm
Agree w/you about Mike Jensen, Peter. The man is remarkable, his intellect is formidable, and his prescience a little spooky. He is also not just a gentleman, but a gentle man. I met and heard him for the first time at the AEI conference you linked. He’s great.
I’m less impressed w/WPER. For one thing, none of the articles is bylined; these youngsters are learning to duck accountability pretty early, I think. For another, there were no tough questions asked of Carlyle’s David Rubinstein in the Q&A w/him. I don’t know the role of the WPER editorial board (four of whose five members are Wharton grads), but maybe they should consider providing some adult supervision. There was no introductory overview of the issue by its editors. All in all, the publication strikes me as one gigantic job-getting pander on the part of those MBA students whose names are on the masthead. WPER is a pretty underwhelming exhibition that seems likely to take down Wharton MBAs’ public image a notch or two in all eyes but their own.
Sorry to be the skunk at the garden party.