A very interesting discussion on the latest Rational Reminder Podcast (linked to the Youtube version below (which includes video so you can see the hand waving :))
A Practical Look at Private Equity w/ Steve Balaban | RR 287
"A conversation with Steve Balaban, a private equity insider with a refreshingly realistic and practical perspective on private equity. We talk with Steve about investing in private equity, the benefits and drawbacks every investor should know about, why due diligence is essential, how private equity interacts with investor psychology, and much more"
It was refreshing to have a PE discussion that wasn't either completely pro PE (from PE fund managers) or completely negative on it - Note the conversation is quite long and runs for most of the first 70 minutes of the podcast