They are arranging ever bigger debt issues for private - equity firms and hedge funds and so are encouraging a borrowing binge that could breed financial instability 它们在为私募股权公司和对冲基金安排更大的债务发行额，这样也促进了可能造成金融不稳定的贷款狂热。
Here investment banks may use their own capital , as well as raising funds from outside investors in the hope of making money alongside their private - equity clients 这些投资银行可能会动用自己的资产并筹集境外投资者的资金，希望可以借助他们的私募股权客户赚到大钱。
Already , even as private - equity and hedge funds have retreated in the face of the credit crunch , they are being set up as the next villains of international finance 甚至随着私募股权和对冲基金在信贷崩溃前都已经撤退，它们的建立已经被当作国际金融界的下一个反面角色。
But it is also possible that the weather is turning and the debt that powers private equity ' s siege engines is starting ? just starting , mind you ? to become harder to scrape together 但境遇亦可转变，促进私募股权的围城引擎运转的债务也开始? ?注意，只是刚开始? ?变得难以积攒。
Because private - equity managers answer to a single shareholder , they have clear instructions and can spend more time creating a business with a healthy future 私募股权企业的管理层只对一名股东负责，他们获得的指示清晰明确，而且能够花费更多的时间建立一个拥有美好未来的企业。
Deep - pocketed private - equity firms provide a new source of capital , although many analysts are sceptical that they can thrive in such a capital - intensive and cyclical industry 资本殷实的私募股权公司也提供了新的资金来源，尽管有分析家质疑它们是否能在航空这样一个资本密集，周期性显著的行业里取得成功。
Institutional investors tend to insist on instant performance , because their funds are judged on that quarter ' s returns ? which undermines criticism of private equity ' s short - termism 机构投资者往往坚决要求管理者立即遵循实行，因为他们的资金是由当季的利润回报所决定的? ?这削弱了针对私募股权短期行为的批评。
And the much - touted advantage of the system ? the way that risk has been dispersed ? looks less convincing now that banks have been saddled with the cost of funding private - equity buy - outs and sivs 被鼓吹的该系统优势：风险分散的方式，目前看来缺乏说服力，因为银行承受着资助私募股权收购和结构投资机构的成本。
Aside from growth , the other major driver of equities has been significant mergers and acquisition ( m & a ) activity , financed primarily by private equity that has driven up public company valuations 除此之外，另外一个极其重要的推动力就是公司兼并与收购活动，由私募股权资金发起的购并活动已经提升了上市公司估值。
The value of takeover deals ? plenty of them involving private - equity firms ? soared to $ 2 . 7 trillion in the first half of the year , almost half as much again as in the last six months of 2006 各类收购交易的价值? ?大量的交易都和私募股权企业有关? ?在今年上半年骤升至2 . 7兆美元，这大约相当于2006年前6个月交易量的一倍半。
