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Larry Cheng
Larry Cheng 
Larry Cheng focuses on investment opportunities in Internet applications, information services and software. He prefers capital efficient businesses with $2M- $20M in subscript...

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Posted: Saturday 17 April 2010 - Views (48) - Category: External - View Comments
There are really three general asset classes in private equity: buyouts, growth equity, and venture capital.  So why is growth equity the best risk/reward among the three in my estimation?  1.  The downside protection of leveraged buyouts is exaggerated.  The lure is that LBO firms are buying highly profitable companies with consistent cash flows, levering [...]
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