Jim Grant tweeted this today so possibly some relevance; I guess not hard to guess the connection with big PE deals and bubbles right before they blow up? Anyway PDF below.
Of the 25 largest global buyout transactions executed in the golden age of 2002-2007, only two failed. The largest private equity funds survived, and the limited partners met their financial commitments. So the world loves the big public purveyors of private equity and so-called alternative assets?