NEPC’s Sarah Samuels provides her thoughts around private equity and investors in spaces such as education and healthcare, showcasing that private equity fees may not be necessary for these clients. View the article on Bloomberg’s site here.
Private equity investors are clamoring for their payouts. A risky approach to meeting their demands is setting records — and getting more popular.
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“Private equity portfolios do not exist in a vacuum and general partners may not appreciate the puzzle that a college is trying to solve for its students or a hospital is for its patients,” said Sarah Samuels, head of investment manager research at NEPC, a limited partner consulting firm. “We don’t believe that private equity fees are really appropriate for those creating returns solely from leverage and financial engineering. We look for GPs who create value through earnings growth and multiple expansion.”
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