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With interest rates higher, private equity struggled to find investors and earned money. To solve this problem, the industry has found novel ways to avoid closing funds. But time may be running out. On today’s show, Katie Martin and Rob Armstrong talk to Antoine Gala, US private equity editor at FT, about how private equity ultimately needs to change homework. We also go to long consulting companies with long Robert Redford, who specializes in cleaning up the mess created by private equity.
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You can email Robert Armstrong and Katie Martin to unhedged@ft.com.
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