Private Equity Is Repeating Enron’s Biggest Mistake
SUMMARY Having witnessed Enron’s collapse firsthand, the author sees striking parallels in private equity today. Continuation funds allow general partners to control both sides of transactions, collect multiple fees and exploit conflicts of interest, echoing Enron’s self-dealing. Oversight is limited, information asymmetry rampant and fiduciary standards ignored, creating a system that benefits insiders while trapping … Read more