Some fret about the growing tendency for private-equity groups to club together to bid for large companies—is that anti-competitive behaviour or simply a wise effort to spread risk?

私募股本集团联合竞标大型企业，有些人对此趋势感到担忧——这是否是反竞争行为？ 或者仅仅是分散风险的聪明手段？

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For investors eager to put more money into private equity, the club deals have raised concerns about risk concentration.

对于那些急于将更多的资金投入私人股本的投资者，帮会交易已经对风险的集中提出了担忧。

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Like the club deals that propelled private equity up the buying ladder, pooling resources means that bigger targets can come into play (no small consideration when credit has become more expensive).

正如集团交易使私募股权基金的购买力大大增强，集中资源意味着更大的目标也能被拿下(当信用变得昂贵时是没有便宜的交易的)。

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Club members own equity shares in the club and play cards and dine at the clubhouse with their neighbors, many of whom moved to the community together from up north.

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Rather than issue more equity, Lending Club invited current investors to sell their shares.

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In an interview with Radio 5 live's Sportsweek programme, Mr Purslow said Liverpool's US owners would not be leaving and were trying to raise new equity for the club.

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