Private Equity

But private equity and the growing number of banks doing business in China are all competing for the best talent, leading to the phenomenon of serial traders who constantly auction themselves off to the highest bidder.

然而在中国经营的银行越来越多，他们和私募基金一起争夺最好的人才，甚至出现了一种不断把自己拍卖给出价最高的银行的连环跳现象。

What is a fair return for the risks of private equity investment is a difficult question to answer at the moment, with senior debt trading at yields higher than 15 per cent.

与私人股本投资风险相适应的公平回报率是多少这个问题现在很难回答，优先级债务的收益率目前已经超过了15%。

Private equity fund to invest in unlisted shares of the enterprise.

私募股权基金投资于未上市的企业股权.

Otherwise, many of the best opportunities lie on the private equity side.

另外, 许多绝佳的投资机会处在私人股本领域.

At least for private equity, the worst is behind the industry.

至少对私人股本行业而言, 最糟糕的时期已经过去.

Bain Capital , another private equity investor, had also pursued the deal.

另一家私人股本投资者贝恩资本(BainCapital)也曾跟踪这笔交易.

Lehman began pitching a deal to private-equity firms two months ago.

两个月前雷曼同一家私 募 公司展开了一桩交易.

Yet I had always believed that private equity made money in four separate ways: buying low, selling high, companies generating cash and companies growing.

然而，我以前一直认为，私人股本有4种不同的赚钱方式：低买、高卖、产生现金的公司，以及增长型公司。

Despite the challenges, foreign private equity groups can make phenomenal returns.

尽管存在种种挑战, 但外国私人股本集团也有可能获得非凡的回报.

Although some large deals faltered, the pursuit of well-known businesses has forced private equity on to the front pages and served to underline the power buy-out firms wield in global markets.

尽管一些大型交易进展艰难，但对知名企业的追求已把私人股本推上了头版，突显了收购企业在全球市场发挥的威力。

Ferretti, the Italian yachtmaker, recently restructured its debt to stave off administration, while candover, the UK private equity group, wrote off its whole investment in the company.

近期，意大利游艇制造商法拉帝（ferretti）进行了债务重组，以避免被破产接管，英国私人股本集团candover注销了其在该公司的全部投资。

Sallie Mae's profits and healthy cash-flow are a draw for private equity.

吸引私人股本的是SallieMae的利润和健康的现金流.

One of the outcomes is to avoid a situation where private equity a political punching bag.

联合会希望取得的成果之一是,避免让私人股本公司成为政治出气筒.

Nor am I saying that private equity experience matters too much when acquiring a company that has insignificant cash flow ( i.e., Tumblr).

我也不是说，对于收购一家现金流不高（如Tumblr）的公司，私募股权经验有多么重要。

The value of assets managed by the private equity industry globally continued to rise last year, hitting a record$ 3tn despite financial market turmoil and sluggish economic conditions.

在金融市场动荡以及经济形势疲弱的背景下，全球私人股本业（pe）管理的资产价值去年继续增长，达到创纪录的3万亿美元。

However, the legal framework for private equity in China is still infancy.

不过, 规范私人股本的法律框架在中国仍处于萌芽时期.

In addition, the firm also engaged in private equity investments.

同时, 公司还从事风险及杠杆投资收购业务.

Venture Capital, also nominated as Private Equity, refers to a long-term investment in the purpose of obtaining capital gains, in the form of capital investment with the value-added services from venture capitalists.

创业投资（venture capital），亦称为私人股权（资本）投资（private equity），指以取得资本收益为目的、对非上市公司运用资本和增值服务实施的长期股权投资。

The gravy train of buy low and sell high is over, says the head of Asia for one major private equity firm. Perhaps the market opportunity is growing, but the money is growing faster.

低买高卖轻松发财的时机已经结束了，一家主要私人股权投资公司的亚洲主管说，市场机会或许正在增多，但是进入市场的资金增速也在加快。

That reflects a strong inflow into private equity, Merrill Lynch found.

去年, 配置在私人股本和对冲基金上的财富比例平均上升到了20%美林发现,这反映出财富强劲流入私人股本.

That shift, however, has turned as financial companies raise equity capital to repair balance sheets, private equity deals slow to a trickle and the cost of raising corporate debt rises sharply as its availability dries up.

然而，这一趋势已经开始转变，金融公司提高股本以改善资产负债状况，私人股本交易骤减，只有少量交易，同时，随着债券发行市场的枯竭，公司发债成本亦大幅上升。

Or maybe the private equity faithful were simply awe-struck by how Obama could bash them one moment, and take their money the next.

或者，这些私募股权人士只是被奥巴马的善变惊呆了：上一刻奥巴马还在严厉批评他们，下一刻就向他们伸手要钱。

Richard Li's preferred exit strategy was to sell PCCW's core assets to foreign private equity groups for$ 7bn.

李泽楷退出电讯盈科的首选战略，是将电讯盈科核心资产以70亿美元的价格出售给外国私人股本集团。

The investment in the private equity company should meet that objective.

投资私人股权公司应该符合这一目标.

Will Burger King be gobbled up by private equity?

汉堡王是否会被私人股本吞并?

But resonating the loudest in 2010 may be the ideological shock that the private equity industry suffered last year: the shift of power from manager to investor.

但在2010年引起最大反响的，可能是私人股本业去年遭受的理念冲击：权力从经理人转移到投资者。

Already some industry leaders are raising the alarm about private equity's arrival.

一些业内领导者已对私人股本的到来敲响了警钟.

But the most gripping action in private equity is in financing.

这些私募股本公司更引人注目的还是财政问题.

Envision is an international Greentech enterprise backed up global private equity fund.

远景能源是一家由海外风险投资基金发起成立的国际型绿色能源企业.

When Haier, the white-goods maker based in Qingdao, was looking to bid for Maytag, the US appliances maker, it teamed up with Bain, the management consultancy, and Blackstone, the private equity group, for help in what was ultimately an unsuccessful bid.

总部设在青岛的白色家电制造商海尔竞购美国家电制造商美泰克（maytag）时，曾联手管理咨询公司贝恩（bain）以及私人股本集团黑石（blackstone）寻求帮助，但是最终收购未果。