FYI: (Over the years have held positions in both KKR and BX for income stream)
Critics love to complain about private equity and its exorbitant fees. But imagine if retail investors — people like you and me — were suddenly allowed to invest in the funds managed by private equity giants like the Blackstone Group, Kohlberg Kravis Roberts & Company and Apollo Global Management.
If all the barriers and regulations came down, you could probably guess what would happen. Hordes would flood the offices of these firms, racing to invest. It would make a Black Friday line at Target look Zen.
Regards,
Ted
http://www.nytimes.com/2015/12/09/business/dealbook/does-private-equity-earn-those-exorbitant-fees.html?_r=0