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Power Player on Defending Private Equity

Tue 26 Jun 12 | 07:01 AM ET
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Power Player on Defending Private Equity

Tue 26 Jun 12 | 07:01 AM ET
"What private equity does is raise money from pension funds -- and it invests that money to buy companies," says Steve Schwarzman, Blackstone Group chairman, CEO & co-founder, explaining the merits of private equity and why the PE industry hasn't done a better job marketing.
 
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