Private Equity’s Extreme Makeover

The perception of private equity firms has undergone a radical change over the last fifteen years or so. These investment firms have gone from being seen as pillagers and “barbarians” to being the darlings of Wall Street, writes MarketWatch’s David Weidner.

Basically, if you’re not in a PE fund, selling advisory and financing services to one or building a fund inside your bank, you have missed out on the party, and by party, we mean cash.

Simply put: private equity funds rule Wall Street.