Rynek private equity. Historia i aktualna organizacja
A Glance at the History and Organization of the Private Equity Market

Summary/Abstract: The paper examines the historical aspects of forming private equity funds. Firstly, it underlines the role three merger waves the United States experienced in the 20th century played in the formation of conglomerates. The development of multi-industry corporations marked the emergence of private eqity firms. However the performance of conglometartes is often improperly compared with the activity of currently operating private equity funds. This article clearly points out the differences between these two types of entities. Secondly, the paper presents the organization of the private equity market and the stages in the deal-making process. The broad description of enbtities and relationships involved in the process is supported bt the model of capital flow in the industry. Finally, Polish private equity market is scrutinized. This analysis indicates, that characteristically, all private investments in Poland are financed with foreign capital.

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