[quote=briansd1]”Private Equity” used to be called “Leverage Buyout.” It’s all about debt and using other people’s money, not your own equity.

They changed the name back in the 80s because of all the scandals. “Private equity” sounds so harmless.[/quote]

No Brian. There has always been private equity. There has always been leveraged buyouts. The two are not the same, however leveraged buyouts sometimes use private equity. Private equity is not always leveraged. Facebook, for instance, raised a lot of private equity prior to it’s IPO. None of it was leveraged. Bain did it both ways.