Private Equity and Hedge Fund IPOs

I was quoted in yesterday's San Francisco Chronicle in the article IPO Talk Raises New Questions.  The piece is a good primer on those who would like an overview of the issues associated with the rash of private equity and hedge fund adviser initial public offerings.  In it I am quoted as stating that I "would avoid these firms 'for a lot of reasons. As a corporate-law professor, I'm offended that you don't have a vote. Second, these are risky investments and people may not be appreciating the risks involved . . . .' Finally, the private equity boom 'is not going to last.'"   True enough.