So does private equity own everything?

No, private equity does not own everything. It is a relatively small part of the overall economy, accounting for about 1% of global GDP. Private equity firms typically invest in a small number of companies at a time, and they typically hold their investments for a period of 3-5 years before selling them.

Private equity firms are attracted to companies that they believe have the potential to grow and generate high returns. They may invest in companies that are going through a turnaround, or they may invest in companies that are growing rapidly and need capital to fund their expansion.

Private equity firms can play an important role in the economy by providing capital to companies that may not be able to access it from traditional sources, such as banks. They can also help to improve the performance of companies by providing access to their expertise and resources.

However, private equity firms have also been criticized for their use of debt to finance their investments, which can lead to companies becoming overleveraged and at risk of bankruptcy. Additionally, some private equity firms have been accused of focusing too much on short-term profits at the expense of long-term investment and job growth.

Overall, private equity is a complex industry with both positive and negative aspects. It is important to weigh the potential benefits and risks before investing in private equity. - BARD draft 1