Private Equity's Golden Age Wasn't So Golden After AllBy and
Buying spree heralded by KKR has yielded mediocre returns
Investors would have fared better with money in an index fund
Henry Kravis called it private equity’s golden age. From 2005 to 2007, buyout firms paid fat prices to buy about 20 supersized companies, from Hilton Worldwide Holdings Inc. to Hertz Global Holdings Inc.
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