Merryn Talks Money

Can’t Afford Private Equity? Buy Family Run Firms

Photographer: Michael Nagle/Bloomberg
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It’s been a tough time for private equity.

Investors have long been told that it outperforms listed equity, but it turns out that isn’t necessarily so. Look at State Street data and you will see that listed PE has underperformed the S&P 500 over every time-frame out to ten years. Not ideal.