scott146

KKR's Sun Investment: Good for Company, Bad for Investors?

Thanks for providing some thought-provoking analysis; I would be interested in your thoughts on Blackstone's proposed IPO in light of the private equity trends you mention here. My thought on the Blackstone deal is that it is a sign that private equity has peaked as an investment vehicle; the insiders are seeking to cash out by dumping a portion of the company on the investing public. I just don't see how a "private" equity firm can issue public shares and operate without a major change in its business model.