The tradition of “risk capital” goes back to the merchant bankers of old Europe. But in the late 20th century, Americans made it sing, made it a system, with venture capital and private equity investment.
Peter Brooke was present at the creation of those most venturesome wings of American finance. A founder. He helped make great companies and great fortunes.
Now, American finance has spurred a crisis. Private equity buyouts have got a bad name. Regulation is on the table. There’s a lot at stake.
This hour, On Point: Peter Brooke, on American risk capital now.
Peter Brooke joins us in our studio. He's chairman of Advent International, a global private equity fund, and author of the new book, "A Vision for Venture Capital: Realizing the Promise of Global Venture Capital & Private Equity."
From Boulder, Colo., we're joined by Victor Fleischer, law professor at the University of Colorado. He specializes in tax and regulatory issues relating to venture capital and private equity. He generated a lot of attention two years ago when he proposed greater taxation on private equity firms.
And joining us from Singapore is Tan Keng Boon, managing partner of SEAVI Advent, an investment firm based in Singapore and focused on the Asia Pacific region. He and Peter Brooke have worked together for more than two decades.
This program aired on November 24, 2009.