10/14/2009

Private-equity funds definitely contributed to the financial bubble that eventually triggered the collapse of credit markets, said David Rubenstein, co-founder of The Carlyle Group. "Private equity contributed to the problem," he said. "I think we made some mistakes ourself." Rubenstein told a private-equity conference in Dubai, United Arab Emirates, that the sector will rebound but in a different form, with smaller funds and greater transparency.

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