Private Equity’s Mighty Battle Against Public Pension Transparency

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Nov 18, 2021, 8:47:29 AM11/18/21

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November 15, 2021
Private Equity’s Mighty Battle Against Public Pension Transparency

By Edward Siedle, Forbes Contributor

Pensions agreed not to ask PE managers to provide fund prospectuses to stakeholders and the PE firms happily agreed not to tell stakeholders the ugly truth about their business practices.

Read a private equity prospectus, offering memorandum, limited partnership or subscription agreement closely and you’ll quickly learn why these funds resist public scrutiny like vampires run from sunlight.