FEE: Private Equity Is Essential to Entrepreneurship and the Fuel to Prosperity

FEE: Private Equity Is Essential to Entrepreneurship and the Fuel to Prosperity

Elizabeth Warren wants to bury private equity. Here’s why that is a bad idea.

Free Enterprise and Private Equity

I have a love-hate relationship with private equity. As a mergers and acquisitions attorney, I spend more of my time representing sellers of companies, or even corporate buyers, than representing private equity. I have had vigorous negotiations with private equity firms and their attorneys. However, I respect the important role private equity firms have in the free enterprise system. Free enterprise is the engine of American prosperity; private capital is often the fuel to that engine. Unfortunately, presidential hopeful Sen. Elizabeth Warren (D-MA) doesn’t see it this way.

Doug McCullough is director of the Lone Star Policy Institute based in Dallas, Texas.

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