The number of Private Equity (PE) funds increased 2.5 fold between 2005 and 2020 while the amounts they collected yearly were multiplied by 4.8x. Global PE assets under management currently total USD4,500bn vs less than USD200bn in 2000 (see charts infra). While the weight of Private Equity has undeniably increased, it remains marginal relative to that of listed companies. Bear in mind that there are over 59,000 listed companies around...