Separating the men from boys in private equity

These are tough times in the private equity industry. But it's time like these, one could argue, that the strong get relatively stronger as the weak fall by the wayside. The grizzled vets in this industry have seen it all before. They're know now is the time to plan for the next boom. So how are big boys playing the crisis? According to Fortune, they're moving on three fronts: by buying up distressed debts, often from the top banks; by proceeding with plans for a public offerings; and by moving on plans to become more than buyout shops. They aim for a broader menu of services, from various alternative investments to more traditional money management.  

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