The authors provide an overview of the main accomplishments of private equity since the emergence of leveraged buyouts in the 1980s, and of the challenges now facing the industry—challenges that have been encountered before during three major growth waves and two full boom‐and‐bust cycles. In so doing, the authors review a large and growing body of academic studies responding to questions like these:

中文翻译：

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私募股权：成就和挑战

作者概述了自1980年代杠杆收购出现以来的私募股权主要成就，以及该行业目前面临的挑战-在三大增长浪潮和两次全面的繁荣与萧条期间曾遇到的挑战。周期。通过这样做，作者回顾了大量且不断增长的学术研究，以回应以下问题：