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I’ve had the conclusion from Steve’s post Give all Private Equity Floats a Miss meandering through the brain all weekend. He’s right, our wariness around private equity jetsam is longstanding and justified.And yet we own two smaller European positions in the Forager International Shares Fund that were sold by private equity to public ‘suckers’ in the not too distant past. We didn’t buy in the float itself, but 12-24 months later at a time when caution is still warranted.One stock was bought at lower than listing price, another we paid a small premium for (results had been rapidly improving).Perhaps buying post-listing is sufficiently...

I’ve had the conclusion from Steve’s post Give all Private Equity Floats a Miss meandering through the brain all weekend. He’s right, our wariness around private equity jetsam is longstanding and justified.

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