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... For ease of exposition, PF’s history can be generally broken down into three distinct time periods, each representing a significant phase of restructuring. Particular attention is focused on the decision to enter into the most recent and current phase of operations. Phase One: Formation and Integrat ...
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Early history of private equity



The early history of private equity relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.The origins of the modern private equity industry trace back to 1946 with the formation of the first venture capital firms. The thirty-five-year period from 1946 through the end of the 1970s was characterized by relatively small volumes of private equity investment, rudimentary firm organizations and limited awareness of and familiarity with the private equity industry.
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