He spent the next 20 years in private equity, drawn to buyouts of automotive companies.
Another 30% was invested in hedge funds, 25% in equities and 10% in private equity.
Harvard loaded up on illiquid stakes in private equity partnerships, emerging-market stocks, timberland and other commodities.
Almost seven years ago you had an LBO by some pretty big names in private equity.
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But it is too early to be optimistic about a rebound in private equity.
Among the many people I know in private equity, where I now work, fewer than 1% are openly gay.
Better still, there is less competition in private equity in Brazil, compared with other big emerging economies.
It tried to sell off illiquid stakes in private equity partnerships but couldn't get a decent price.
Well, it has 13% of the fund in private equity, which it assumes will earn 12.5% a year.
Typically investors in private equity funds and other alternative investment vehicles expect a full payback within ten years.
Chiang's overseas network from 14 years in private equity has also helped Goodbaby win more customers and seal deals.
One is Vinicius Vacanti, 29, who ditched a career in private equity that included stints at Blackstone Group and Quadrangle Group.
She moved to Greece about 12 years ago with her husband, Stephane Iliades, 55, a third-generation Greek who works in private equity.
Such short stints are proving particularly popular in private equity and investment banking, where firms want assistance on analytic or financial projects.
The same too-easy credit now fuels the boom in private equity deals.
It is especially useful in private equity because a partner's original investment in a fund is often made through an offshore trust.
Or perhaps there are simply just a few people in private equity who are very much better at it than their rivals.
As Fidelity's Mr Gordon puts it, ultimately investors in private equity are backing the same companies that they held as listed groups.
His career also includes senior positions in private equity and advertising businesses.
Marty, an attorney who worked in private equity, lived on Central Park.
If they were, the pay in private equity would be much lower.
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In particular, the Obama campaign has targeted Romney's experience in private equity, calling it successful capitalism but not the right background for government leadership.
One enthusiast is Gilbert Lamphere, who works in private equity in New York and uses his Caribiana at his homes in Florida and Maine.
The study showed that the winners in private equity tend to keep on winning and the bad firms stay bad if they remain in business.
Measuring individual performance is hard in private equity, because as virtually every firm is quick to say, it tends to be a team effort.
There are rumblings that Harvard's endowment plans to manage more of its money in-house after losses suffered by external managers, many in private equity.
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Brothers who made their fortunes in private equity, Alec and Tom Gores, are thinking of buying the Los Angeles Dodgers and Detroit Pistons, respectively.
A. at Wharton, Mr. Byrd joined Goldman Sachs and went to London and Paris to work in mergers and acquisitions, later getting involved in private equity.
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Morgan, Merrill Lynch and Goldman Sachs, invest their own money in private equity deals, which should pay well so long as the public markets eventually recover.
Citi seems intent on continuing to invest in private equity and hedge funds despite restrictions from the implementation of the Volcker Rule in July of next year.
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