Leveraged Buyouts and Private Equity
---- Acknowledgements -----
This research has been supported by the Kauffman Foundation, by the Lynde and Harry Bradley Foundation and the Olin Foundation through grants to the Stigler Center for the Study of the Economy and the State, and by the Center for Research in Security Prices. We thank Jim Hines, Antoinette Schoar, Andrei Shleifer, Jeremy Stein, Tim Taylor, and Mike Wright for very helpful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.