Sources: Bloomberg, Private Equity Growth Capital Council, Preqin, firm and pension websites
Subtitled Inside the Trillion Dollar Private Equity Industry that owns Everything, Kelly tries to demystify the complex world of private equity through telling the stories of the leading characters and key firms in the industry.
A Bloomberg news reporter, Kelly is familiar with his subject and he traces the mushrooming of this industry from a relatively small niche area of financial service into a globally powerful phenomenon.
The book has a timely edge given the presidential candidacy of Mitt Romney, a former chief executive of Bain Capital, and is certainly well researched.
Kelly notes that he is trained to look for surprise and that as he researched the book, the omnipresence of the industry surprised even him. So much is owned by the industry, and the appetite to run the numbers on businesses that are not, appears to be relentless.
Kelly does his best to make the complex simple with glossaries and charts; it is a challenging read nonetheless.
Although interesting for the general reader, the book will be of most interest to those who work in the global financial services industry and who can relate readily to the firms under consideration here. (Irishtimes.com, November 2012)
This is one of those rare books which is both very informative and very entertaining.
Still, I found the book enjoyable and informative about an industry I understood only in passing prior to reading Kelly's work.
The author's description of the individuals in the book reads as though characters in a novel.
This is a very good book about the inner workings and players in the Private Equity world.Published 25 days ago by Steven R. LeBlanc
If you're not familiar with the industry, this book is a good start. It has lots of stories on leading firms. Read morePublished 1 month ago by Masa
Great read, beginnings of the PE industry explained in an entertaining way, easy to read, definitely recommend it if working in financial servicesPublished 1 month ago by Alfredo Apestegui
Good update on a fascinating industry. Covers the current major players and funds, how they have matured and expanded, looking for the next big thing. A worthwhile read!Published 4 months ago by E J Meyer
The book provides a nice backdrop of the private equity industry. It is hard for me to believe the cash on cash returns warrant this investment, especially given the illiquidity. Read morePublished 9 months ago by John L.
Great reading for those interested in knowing how Private Equity works. Shows how powerful they can really get. You will love reading this book!Published 9 months ago by Kevin Fernandez & Evelyn Fernandez
I found the New Tycoons informative and interesting reading. Can't say it gave me insight into the HOW of PE. Read morePublished 10 months ago by napili hawaiian
Some interesting insight to PE and LBO's but the book drags on and can be quite boring. I expected more.Published 11 months ago by BJ Stokesbary