Why a private equity career gets you rich without much risk

Luke Johnson is a serial investor and entrepreneur. He built Pizza Express through the 1990s, established Strada, Giraffe and runs a family office private equity firm. Here, he explains why he is both a critic and a fan of private equity investment.
For the full interview: fund-shack.com/

[@TM-yr3pc]

In some sectors Private equity plays an essential role, innovation, new tech, risk capital etc. But mostly it’s immoral: bogus financial metrics, tax dodging, cartelised, over leveraged, bootstrapping with other people’s money…paid for with other peoples livelihoods ….with no real accountability for failure.

[@generaltheory]

And in public equity, a collapse of one hedge fund wiped out all SPACs the other year. Is that anything to do with value?

[@generaltheory]

As for financial data, it's simply illegal to fake it. Many private companies are transparent and smart. It you haven't seen many reports and are afraid to invest, consult, but please don't spread the fear. Private equity isn't going anywhere cause of your style... That simply isn't as profitable as good private investments

[@selohcin]

Gosh, why didn't I think of that? It's so obvious! I should have been a private equity guy! Oh, that's right. I'm not in the right circles and don't have the money to get there. 🙄

[@moh6410]

Even Stephen(blackstone) get hundreds of rejections from his circle.