Deals
Private Equity’s $5 Trillion Gold Rush Reels In Outsiders
- Vanguard Group announced private equity fund with HarbourVest
- Asset managers hang hopes on PE’s higher fees, longer lockups
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Not even the giants of cheap-as-it-gets index investing can resist the allure of private equity.
After years of internal deliberations, Vanguard Group, the House John Bogle Built, with its $6.2 trillion in assets, has decided to open its very first private-equity fund.