
In 2002, 13 new funds larger than $1 billion were raised to scout for deals, and none were as big as $10 billion.

The total assets under private equity management globally now exceeds $10 trillion.

The economic and political influence of the private equity sector has exploded in the last 20 years. The thoughts expressed are those of the writer. Knee, a Columbia professor who is a senior advisor at the investment bank Evercore, which does business with private equity, finds the authors' argument less than convincing.

Account icon An icon in the shape of a person's head and shoulders.
