Private equity firms are on pace to invest a record $1 trillion in U.S. companies this year, according to one industry trade group. And that investment could impact everything from your healthcare to the groceries you buy.
“Many people may be familiar with a company called Spanx,” said Drew Maloney, who heads the private equity trade association the American Investment Council. The grocery chain Albertson’s and the dating app Bumble are also owned by private equity firms.
And where do those firms get the money to buy these companies? “The investors are largely pension funds across America, endowments, college endowments, private endowments,” Maloney said.
Read more/Source: Market Place
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