For several years in the late 1990s and early 2000s, the titans of the private equity industry gathered on a beach in Nantucket, Massachusetts, in June for the Goldman Sachs Private Equity Convocation and Clambake. Attendees arrived on the island on a Monday evening and congregated under a tent by the ocean, feasting on lobsters, clams and crabs.
Alternative Flight Plan
The founder of Goldman, Sachs & Co.'s private equity group is dismantling traditional asset classes at Lincoln Vale, his new firm, but are institutional investors ready to open their checkbooks?
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