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 PE Deals from 2002-2007 Guess How Many Failed?

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?

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