An experiment conducted by a friend, a partner in the Shanghai office of an American private-equity firm, demonstrates this trend.
Burger King was sold in 2010 to a Brazil-based private-equity firm.
But private-equity firms are sitting on lots of money, and the debt markets are still in a very forgiving mood.
Private-equity firms are much more responsive to questions from their investors than they are to questions from the public.
Same goes for a private-equity firm called Cerberus Capital.
