Financial Times FT.com

THE FUNDAMENTALS: Limits are put to the test

By Peter Smith

Published: April 24 2007 03:00 | Last updated: April 24 2007 03:00

The global private equity industry that invests billions of dollars each month is regarded by some as a wonder of 21st century capitalism.

It has enjoyed phenomenal growth in recent years and is now populated by thousands of firms that specialise by segment - ranging from venture and growth capital to mid-market and large buy-outs as well as by geography and industry sector.

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