In Defense of Private Equity

Private equity saves jobs, creates jobs, and grows the economy. Case in point, you can take a company that needs restructuring, a company that’s maybe even in bankruptcy. We bought a company called Peguform out of bankruptcy in Germany, brought it back out and saved a lot of jobs, and actually added jobs to it. So, it’s a job creator, a job saver, and growing the economy. What the politicians, and I used to be one, what they don’t like is seeing people coming in and perceived as making a lot of money unfairly, particularly foreign investors--something that happens in our own country.