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Industry study 16 of 22 · Private Equity Research Companion

Value Creation and Portfolio Operations

~6,000 words

In the 1980s, private equity made money from leverage. In the 2000s, from leverage plus multiple expansion. With rates above zero again and multiples no longer a tailwind, the money increasingly has to come from making companies better.

What the study covers

  1. 1Overview
  2. 2How it works
  3. 3Economics and key numbers
  4. 4Key players and landmark examples
  5. 5Risks and pitfalls
  6. 6How an expert thinks about it
  7. 7Glossary
  8. 8Related sections