Buffett’s LBO Criticism Has ‘Agenda,’ Blitzer Says

Billionaire investor Warren Buffett’s criticism of leveraged buyout firms helps his “agenda” as a rival of those companies, Blackstone Group LP senior managing director David Blitzer said.

Buffett’s Berkshire Hathaway Inc. competes with private equity firms in acquiring assets, Blitzer, 41, told reporters on the sidelines of the British Private Equity and Venture Capital Association’s annual conference in London today.