Private Equity Funds
Arup, Michael / Pedersen, Jacob![Private Equity Funds](https://support.digitalhusky.com/media/annotations/sorted/110/11002687/CHSBZCOP0311002687.jpg)
Financial engineering - one of the core elements in the business model of private equity funds is under pressure. Increasing tax legislation has removed the majority of the tax shield that the funds have benefited from earlier and moreover the current situation has frozen the financial markets and thereby eliminated or at least decreased the option of gearing the portfolio companies. In light of this we decided to analyze four pillars of the b...