Article: The other private equity: despite the credit crunch, growth equity spurs innovation, promotes economic growth, and builds strong public companies.(BIG DEAL)

THE RECORD PACE and volume of "going private" transactions over the past couple of years made private equity a household phrase--one most associated with leveraged buyouts (LBOs) of publicly traded companies. While the credit crunch has constricted the financing that made so many large transactions possible, it has not diminished the integral role private equity plays in supporting the growth, and thus the health, of the global economy. Growth fuels innovation, creates jobs, and contributes to economic development, and there is an entire segment of the private capital market dedicated to just this purpose. It's called growth equity.

On the private equity spectrum, growth ...

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