Thursday, May 17, 2012

Bain Joins PECKER Council in Defending PEUs

Now that Republican Mitt Romney is the last one standing for the Presidential nomination-Red Team, it's time for PEU reputation repair.  Mitt's Bain & Company finally spoke out.  Bloomberg reported:

Long-quiet Bain’s willingness to step into the fray may mark a shift in the private equity dynamic around this election.

The Private Equity Growth Capital Council (PEGCC), the industry’s chief lobbying group, is releasing a rolling series of videos featuring case studies and describing the mechanics of the buyout business. The council’s members, which span from Blackstone, KKR, Carlyle and TPG to smaller regional firms across the country, are upping their public profiles.

My pet name for the PEU lobbying group is PECKER.
PECKERS unite behind Mitt, while other PECKERS host Obama fundraisers.  It's a Red and Blue PEU world.