NEW YORK -- Investment funds have been expanding their presence in the U.S. financial market. Total investment by private equity funds -- which mostly put money into unlisted stocks -- reached $1.036 trillion in 2021, surging 50% from a year earlier, according to the American Investment Council.
Interview
Private equity's evolution: Money gatherers to business builders
New Mountain Capital CEO Steven Klinsky reveals ways to beat inflation, stagflation
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"The original idea of private equity was all about debt," Klinsky said in an interview. © Reuters
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