Disclosure divergence

Sir David Walker’s UK committee on private equity transparency is like a who’s who of big private equity firms. Apax, Bain, Blackstone, Cinven, and KKR are all involved in the former Morgan Stanley banker’s investigation into whether buyout firms need to be more open about their activities. They outnumber the smaller firms on the committee. This may seem understandable - after all a lot of the demands for transparency that Sir David will field will be aimed at the big guys. But it does raise a q...