A Washington Post op-ed piece notes that the private equity industry's top dogs aren't a sympathetic bunch. They're rich, loaded and prone to ostentation [1]. The industry is savvy enough to know this, so they've formed a lobbying group that pushes another argument. The Access to Capital Coalition argues that current tax policies have helped the industry attract minorities and women to the industry. I am agnostic on the issue of reformulated tax policies and this is a private equity-friendly newsletter, but many will scoff at the argument. Women in private equity are pretty scarce [2] and the glass is thick.
For more:
- here's the Washington Post editorial [3]
Related articles:
-Benefits of private equity [4] firm IPO are clear