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SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Obama's Second Term

Reelection will likely "lead to further gridlock in Washington," says ACG chairman Charles Morton

President Barack Obama's reelection on Nov. 6 will likely "lead to further gridlock in Washington," says Charles Morton, chairman of the Association for Corporate Growth (ACG). The ACG plans to continue its relationship with policymakers in Washington, D.C., which has become an increased focus of the organization over the last few years.

"We're eager to get the message out that it's the middle market that leads to job growth and opportunity, and that in particular, private equity matters," says Morton.

Former Governor Mitt Romney's campaign brought out several misperceptions people have about private equity, Morton says, which gives ACG an opportunity to educate the American people about the true role of private equity.

Those misperceptions include the idea that private equity creates returns through pillaging businesses, that the only people who make money through private equity are the people running the funds, and that a business can grow without change.

The people who really benefit from private equity are the people, such as the investors, firefighters and teachers in California, who can retire because the California Public Employees Retirement System enhances its return through private equity, says Morton.

Company founders are selling to private equity companies, which creates liquidity for the founders so they can do things like send their grandchildren to college. "That's the American dream," says Morton.


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