Question for You: I take this essay in Private Wealth Magazine as suggesting that the big money investors have been getting 25% returns from buying out Main Street businesses? And, given the disproportionate returns, more money from hedge funds, pension funds, family offices, and wealthy private investors is now flowing into these private equity funds? Is this another example of a community being drained for the benefit of the forces of homogenization and centralization?
More Questions: As boomer business owners age, will they sell out to Wall Street? And will we see fewer locally owned and operated businesses on Main Street? What influence will absentee owners have or fail to have on the quality of life in a community? For those in the life insurance business who use insurance to make a market for otherwise illiquid business interests at death, does the rise of private equity reduce the need for life insurance produts for business continuation and transfer?