Private equity firms are in the spotlight recently due to Mitt Romney’s ascendance as the leader in the Republican primaries. Romney was formerly the co-founder and head of private equity shop Bain Capital.
Marketplace’s Paddy Hirsch takes to his whiteboard to explain how private equity firms flip companies for profit:
Publicly traded private equity firms include Blackstone Group (BX) and KKR Private Equity (KKR). Covestor manager Andy Schornack holds KKR in his Financial Services model, and he recently wrote up his thesis for the stock here: “Adding to my KKR position for these 4 reasons”
