The argument against us has always been that private equity is no more than financial engineering practiced by a small bunch of people far removed from the factories, shops, buildings, and labs where the real work is done. That is not us. We step into markets when we see a dislocation. A great company hits a rough patch and needs financing and operating intervention to help it through. An infrastructure project needs capital. A corporation wants to sell a division and invest its capital elsewhere. A terrific entrepreneur wants to expand or acquire rivals, but banks won’t lend to him or her. We
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