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Schwarzman Says Scrutiny of Private Equity May Pay Off

Private equity’s higher profile during the 2012 U.S. presidential election may ultimately help the buyout industry, Blackstone Group LP Chairman Stephen Schwarzman said.

“There’s a point of view that these businesses have performed very well for institutions,” Schwarzman said in an interview on “Money Moves with Deirdre Bolton” that aired today on Bloomberg Television. “Ironically, it gave the public and other people a chance to think through these arguments.”