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waterTanuki 11 hours ago

Moore's responses read more like a politician who's been caught in a scandal and is deseperate to change the subject instead of tackling the questions head on.

> Michael Moore, the chief executive of UK Private Capital, an industry body and trade association, says private equity uses “leverage” responsibly. In finance, leverage is the use of debt to increase returns gained from an investment...

> ...Crucially, private equity firms succeed by building stronger, more valuable businesses over time, so it is firmly in their interests to ensure debt levels are sustainable.

Anyone can say these things. Demonstrate them with raw data and facts.

> When asked about the negative side-effects of private equity’s profit maximisation, Moore says: “Private equity firms professionalise businesses, helping them adapt to the challenges of the energy transition and tech disruption, with both the capital and expertise that makes them competitive.”

Hey UK Private Capital, hire me as the Chief Executive and I'll easily do Moore's job for 70% of his salary, cutting your costs as well and getting your investors a higher return.

That's your goal after all isn't it?