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From $2 Billion to Zero: A Private-Equity Fund Goes Bust in the Oil Patch - Wall Street Journal (subscription)
Wall Street Journal (subscription) | From $2 Billion to Zero: A Private-Equity Fund Goes Bust in the Oil Patch Wall Street Journal (subscription) A $2 billion private-equity fund that borrowed heavily to buy oil and gas wells before energy prices plunged is now worth essentially nothing, an unusual debacle that is wiping out investments by major pensions, endowments and charitable foundations. |
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