Obama, Romney and the Truth About Private Equity
Edward L. Dandridge, president and CEO of the National Association of Investment Companies, weighs in at the Huffington Post on one of the election cycle's most contentious issues.
As President and CEO of the National Association of Investment Companies ("NAIC") -- the 42-year-old trade group representing investment managers who invest in small and mid-sized companies -- I'd like to offer some thoughts on the role private equity plays in our economy.
But for starters, the record needs to be set straight on a few things. First, when employed correctly, private equity plays a productive role in driving economic growth and innovation essential to our recovery. Second, despite what you see on television and read in the news, neither Mitt Romney nor Bain Capital represents the entire private equity industry.
Read Edward L. Dandridge's entire piece at the Huffington Post.
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