Private equity firms have evolved away from their swashbuckling past, according to The Economist. Ironically, many are publicly traded companies. "Whereas [Kohlberg Kravis Roberts] and its peers were once at the forefront of finance's most exciting deals, borrowing vast amounts to seize control of underperforming companies in hard-fought takeover battles, they often now merely extend loans to such businesses," the magazine notes.

Related Summaries