Private Equity: History, Governance, and Operations
Review by Loanna Overcash
by Harry Cendrowski, James P. Martin, Louis W. Petro and Adam A. Wadecki
John Wiley & Sons Inc., 2008, 457 pp.
The institutionalization of private equity is one of the most important advances in the field of modern finance, write the authors of Private Equity: History, Governance, and Operations. “It is through private equity (PE) that the seeds of new ideas are permitted to germinate and the souls of the withering may be granted rebirth.” This comprehensive guide provides insight into a once-exclusive form of investing that is now an integral part of the world economy, with a focus on venture capital financing and buyout transactions.