Private Equity Evolving: Foundations, Opportunities and Challenges

This authoritative book investigates the contributing factors behind private equity’s enduring success and resilience. Drawing empirical insights from interviews with leading equity fund managers, investors and senior executives of private equity backed companies, Marc Moore and Chris Hale explore the actual and anticipated risks to private equity’s long-term sustainability in an everchanging market and societal environment.

In addition to the conventional economic focus, the authors present a distinctly legal perspective and provide unique market knowledge from Europe, the UK and the US. Chapters assess the under-researched early history of the Anglo-American private equity sector prior to 1976 and illustrate the development of the field based on historical and qualitative-empirical data. The book examines the challenges facing the sector as more investors and shareholders in, and executives of, unlisted and sometimes listed companies realise the benefits of this form of corporate finance and ownership, provoking an increasingly hostile political and civil society response.

Private Equity Evolving is a valuable resource for scholars and students of corporate law, governance and finance and banking law, as well as economics, business history and management. Its timely discussions are also instructive for legal practitioners, private equity executives and institutional investors.