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What's Wrong With "The Buyout of America"

In a new book, New York Post reporter Josh Kosman takes aim at the private equity industry, arguing that a wave of portfolio company defaults will trigger the next great credit crisis.

But in trying to make his case, Kosman relies on a series of misstatements, half-truths and selective citations that don't stand up to detailed scrutiny.


What's Wrong with Kosman's Book

About the Private Equity Council

The Private Equity Council, based in Washington, DC, is an advocacy, communications and research organization and resource center established to develop, analyze and distribute information about the private equity industry and its contributions to the national and global economy. The PEC opened its doors in February 2007.

PEC members are among the world’s best-known and most-respected private equity firms. They are Apax Partners; Apollo Global Management LLC; Bain Capital Partners; The Blackstone Group; The Carlyle Group; Hellman & Friedman LLC; Kohlberg Kravis Roberts & Co.; Madison Dearborn Partners; Permira; Providence Equity Partners; Silver Lake; and TPG Capital (formerly Texas Pacific Group).

PEC member firms

PEC senior staff