What REALLY is Private Equity? What do Private Equity Firms ACTUALLY do?

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What is private equity?What do private equity firms actually do?Why the name private equity?What companies are targeted by private equity funds?What type of strategies are used by private equity funds when investing and exiting investments?How long is the typical investment horizon of a PE investment?Which are the different fund structure private equity firms use in the US and in Europe?How are private equity companies Z39f

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