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Private Equity a Force of Good for Economy?

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  • Description

    Partners Group partner Scott Higbee weighs in on the image of the private equity market.

  • Duration 3:38
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OK well wait till August to make it official Mitt Romney pretty much gain all the delegates he needed from yesterday's primary in Texas to -- Republican nominee for president.

With that.

-- the attacks on his time at being capital and private equity as an industry in general are just common in full force is private equity a force of good for the economy.

Or not.

They take that to our next guests got -- partners -- with partners group partner.

All right as -- partner usage you've been there for a let.

In years.

Is this the worst you've seen it in private equity.

I would say it's the worst in terms of other public perception we're getting out there but not and in terms of deal making I would say that there's certainly -- opportunities out there for firms with a global footprint and in currently.

Our team is pretty busy right now.

You know prior to the recession you -- of moneymakers Macon loads of money making loads -- deals.

And then what happened what -- all that cash generated are you sitting on it waiting to find the next big thing.

I would say that private equity is about patients and as opposed to public markets as private equity investors we can build -- -- companies over the long term what that means Tracy is that we can wait.

Until the right time to sell or businesses and in right now we're waiting.

For the best times to to sell what's in our portfolio -- and we don't have to be beholden to a short term shareholders is that many public for -- A little bit of a risk premium out there now isn't -- you pay a little bit more than probably would've.

Well depends on what's the what segment of the market certainly in in large -- by Alex it's a tough spot to be in right now -- -- middle market so companies there certainly are opportunities and that's were busy right.

So let's talk about the image private equity ending up back admit -- late -- -- had barbarians at the key that kind of all started this whole notion of -- -- come in and is drying in the new line of credit it looks like Burger King retires or I should know that thank god for private equity year we couldn't -- -- -- Christmas present.

Well stated I think private equity is set misunderstood that and I think in light of of the current tough elections going on its.

For better for worse not gotten.

The recognition that it deserves say it's not being cast in the right light I think it's incumbent upon us as industry participants to do -- better job of educating the public as to what private equity years.

You think can backfire though -- there was -- a little push back greatly at Newark mayor.

-- -- -- coming out president Obama's car czar Steve -- even coming out in support of private equity could backfire candidate for the president.

I think it do very well could and I think -- this could -- to the strengths of governor Romney I think -- demonstrated success in the private sector and in currently what's facing our nation right now I think I'm a lot of people's minds.

The economy is right at the top and and I think his proven track record of fixing businesses and in creating value.

In generating jobs is something that could bode well for him.

But what's missing no 'cause he's not get and that point out if you were in he's here right now what would you tell the -- to say about private equity to the rest of the world.

Talk a little bit more about so what private equity does what private equity is in the value that it creates that it provides jobs this is a -- job killer but a job creator you need to be patient.

But I think over time this is good for the economy it's good for government coffers in terms of tax dollars just need to be patient and I think again.

He could probably be doing a better job of of telling people what private equity yes.

Think he needs a big poster with all the places we go that are owned by private equity that's just.

-- -- Partner at partners group thank you for being here thanks Tracy -- closer you'd -- -- HCA hospitals Burger King Toys 'R' Us ended up things -- -- I think is every day.

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