This Financial Time article quotes our founder Hunter Lewis on the early days of the university investment model.

The investment model of private equity has become too popular.

The stock market’s recent dip into bear-market territory raises new questions for these popular funds. Will indexing recover and go on to scale new heights? Or has the time come to consider its defects as well as its virtues?

Hunter predicted hard times for venture just before they arrived. He also discusses little understood potential conflicts of interest, ties with China, and excessive leverage.