Overview

Once an obscure niche of the investment world, private equity has grown into a juggernaut, with consequences for a wide range of industries as well as the financial markets. Private equity funds control companies that represent trillions of dollars in assets, millions of employees, and the well-being of thousands of institutional investors and their beneficiaries. Even as the ruthlessness of some funds has made private equity a poster child for the harms of unfettered capitalism, many aspects of the industry remain opaque, hidden from the normal bounds of accountability. The Myth of Private Equity is a hard-hitting and meticulous expose from an insider's viewpoint. Jeffrey C. Hooke--a former private equity executive and investment banker--examines the negative effects of private equity and the ways in which it has avoided scrutiny. He unravels the exaggerations that the industry has spun to its customers and the business media, showing the stark realities that are concealed by the funds' self-mythologizing and penchant for secrecy. Hooke details the flaws in private equity's investment strategies, critically examines its day-to-day operations, and reveals the broad spectrum of its enablers. An essential listen for both the financial profession and the broader public, this book pulls back the curtain on one of the most controversial areas of finance.

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Jeffrey C. Hooke is a senior lecturer in finance at Johns Hopkins Carey Business School. His books include M&A: A Practical Guide to Doing the Deal and Security Analysis on Wall Street: A Comprehensive Guide to Today's Valuation Methods. He has decades of experience as an investment banker and a private investment executive at major firms. Asa Siegel is a classically trained actor with extensive professional stage experience. He is also a highly skilled voice actor across the spectrum, with work including audiobooks, narration, video games, animated television series, promos and trailers, and national television and radio commercials. Asa loves what he does and takes great pride in his work. He brings passion, empathy, and rich life experience to all projects he is a part of to deliver authentic and engaging vocal content.

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