Private Equity & Your Retirement - What Should You Know? with Rich Powers

Ep 071: Over the past few years, we've been hearing from our clients that they've heard about private equity and they wonder whether they should consider investing their own money into these sorts of strategies. So what is Private Equity? How does it work? WHO can invest in it? Private Equity is also impacting the state of Maine. During the past few years, we've talked to many business owners in the state and New England that are receiving (and sometimes accepting) offers from private equity funds to buy their businesses and combine them with other national, regional, and/or local businesses. Is this a good trend or should we be suspicious of these pools of money coming into the State? All of these things we'd like to cover in today's show!

Today's guest is the head of Private Equity in Vanguard's Portfolio Review Department. Our guest leads a team of experts responsible for the strategy, marketing, and investment support of Vanguard’s private equity offer. Please welcome Rich Powers to the Retirement Success in Maine Podcast!

Chapters:

Welcome, Rich Powers! [3:10]

What is Private Equity? [13:36]

Who can invest in Private Equity? Why do certain investors like Private Equity so much? [22:26]

What are the stages of how a Private Equity fund works? [30:30]

How is Private Equity changing today and what does the future look like? [41:06]

What is some of the (fair or unfair) criticism of Private Equity? [43:51]

How will Rich find his own Retirement Success? [50:00]

Ben and Curtis conclude the conversation. [51:22]