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Private Equity’s New Phase

Harvard Business Review

In phase one (buy and sell), PE investors looked for the equivalent of a “fixer-upper house” — a dilapidated company in a good industry that could be purchased at a discount and, after the business equivalent of some fresh paint and new appliances, resold for a profit. How Phase 3 Is Changing PE Companies.

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Corporate Governance Should Combine the Best of Private Equity and Family Firms

Harvard Business Review

We believe so — it is a form of governance that is much older than the public and private equity models, one developed in sophisticated Western capital markets. Samsung is a global leader renowned for innovation talent, yet with strong family control. And it starts with family businesses. The Family Firm.