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Operational Alpha: Why Executive Talent Has Become Private Equity's Greatest Competitive Advantage
By Christopher E.D. Graham FCIPD -CGC For much of the last two decades, private equity operated in unusually favourable conditions. Low interest rates, abundant liquidity and rising valuation multiples meant strong returns could be generated as much through financial engineering as through operational improvement. A firm didn't need to transform a business to make money on it; it simply needed to buy well and sell into a rising market. That environment no longer exists. Highe
chris251714
Jul 223 min read
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