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A very engaging discussion on the relative merits of Blind Pools versus Co-Investment model for private equity. Author argues that while blind pool investing should be preferred not just by PE managers (which is obvious) but also by LPs, as it allows managers to take a more long-term view. In practice, most firms actually have a mix of both, with LPs contributing a small sum to a blind pool in order to gain access to co-investment opportunities.
Link: http://uk.zawya.com/story/ZAWYA20110822070803/ |
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