These three vignettes represent different questions around the strategy and management of private equity firm. In one, the senior partner has to decide how to manage in the expanded board, and how to reduce the risk of a portfolio company, and second, the limited partner has to decide how to respond to the tension between the general partners in the fund, and in the third, a general partner must decide whether to invest in the intriguing possibility that lies outside the firm carefully designed investment strategy. "Hide
by G. Felda Hardymon, Josh Lerner, Ann Leamon Source: Harvard Business School 6 pages. Publication Date: January 7, 2010. Prod. #: 810087-PDF-ENG