July 8, 2007
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.
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