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History of private equity and venture capital and Early history of private equity. Returns, Persistence, and Capital Flows". By the end of September, the full extent of the credit situation became obvious as major lenders including Citigroup and UBS AG announced major writedowns due to credit losses. Specifically, FOIA has required certain public agencies to disclose private equity performance data directly on their websites. Morgan arguably managed the first leveraged buyout of the Carnegie Steel Company using private equity.

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