Post #3466209

2024-11-30 08:58 UTC

#FollowTheMoney 🧵 51/n Richard’s video has spurred me on to do a few posts now on #PrivateEquity. Long overdue here, because private equity is at the heart of how our world works! (Just to state again: i am not an expert, just someone who is trying to make sense of our world by #FollowingTheMoney, in an eclectic 🧵) To start with basics: what is private equity? I like this clear definition by Justin Robertson https://www.tandfonline.com/doi/full/10.1080/13563460903288270

Replies (1)

@pvonhellermannn@mastodon.green 2024-11-30 09:27

#FollowTheMoney 🧵 52/n The amount of wealth and assets held by private equity is vast. The biggest private equity firm of all is of course #BlackRock, founded by Larry Fink in 1988. Here is a lovely Statistica chart showing how its “assets under management” grew from $1.31 trillion (i mean, not bad) to $10.41 trillion in 2024. Bloomberg predicts they will hit $15 trillion in a few years https://www.statista.com/statistics/891292/assets-under-management-blackrock/

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