The past 20 years have been a period of tremendous growth for the private equity industry. But as it has grown in popularity, it has come at the cost of a decline in publicly traded companies, including in SA. 

From its roots in the 1970s and 1980s in the buyout and venture capital spaces, private capital has expanded dramatically in scope and scale. Funds have become larger, the investor pool has broadened and the largest players have transformed themselves into fully diversified alternative asset managers, with offerings across a wide range of geographies and asset classes. ..

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