Former Florida governor Jeb Bush has teamed up with Bahrain’s Investcorp to invest in private equity general partnerships, as well. Private equity firms, normally secretive about their internal economics, are loath to discuss these sales. After graduating from college, both Feliciano and Eghbali paid their dues toiling at old-guard private equity firms like TPG Capital. Dyal’s minority stakes were passive—Rees would have no say in the running of the private equity firm. Don’t expect populist cries about income inequality to slow down the blizzard of private equity stake deals coming to market.

Source: Forbes October 22, 2019 15:59 UTC