Goldman smacks

Remember when private equity firms were fighting over leveraged buyouts? Well, LBOs might be dead, but buyout firms may soon be brawling again - this time over distressed debt investments. Goldman Sachs is the latest to ask investors for their blessing to use its private equity fund to buy the debt of troubled companies. It could get ugly. That’s because, unlike with buyouts, investors won’t just be fighting over the best deals. Instead, private equity firms could be pitted against each other b...