What percentage of the private equity industry's returns are attributable to one pe firm selling their assets to another pe firm? Just trading assets all day to make the numbers look good? I've never looked under the hood of a PE-owned company and said "wow, this is well run."
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So is it a Ponzi if institutional money buys it? What about VC backed IPOs which are typically losing wayyyyy more money? You’re describing people buying something you believe sucks or is overvalued. Which is what literally is happening every second the market is open
What are some examples of formerly PE-owned companies (since IPO'd) or currently PE-owned companies that are thriving? Obviously if they're currently PE-owned it's hard to know, but sometimes there are ways (i.e. their debt is listed).