Private Equity and Competition–Comparing U.S. Agency Views to Recent Policy and Empirical Evidence

ABA's Antitrust Magazine

Kenneth B. Schwartz Michael B. Singer Isabel Tecu

Partner Kenneth Schwartz, associate Michael Singer and Charles River Associates principal Isabel Tecu summarize recent statements from FTC and DOJ leadership suggesting that private equity investment is harmful to competition. Mr. Schwartz, Mr. Singer and Ms. Tecu discuss how these statements conflict with previous agency policy, highlighting empirical economic evidence suggesting that a blanket negative view of private equity in the competition context is misplaced.