Financial Times FT.com

Depleted princes leave with honour intact

By Martin Arnold and Jean Eaglesham

Published: June 20 2007 21:39 | Last updated: June 20 2007 21:39

The famous five were reduced to the fearless four at Wednesday’s Treasury select committee hearing on private equity.

David Blitzer, senior managing director of Blackstone, the US private equity colossus, left his four rivals from Kohlberg Kravis Roberts, 3i, Carlyle and Permira to fight the corner of the private equity industry, claiming his company’s planned flotation stopped him showing up.

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