Vincent Mortier, head of investment strategy at the management company, had compared some parts of private equity to a pyramid scheme where investors trade holdings at very high valuation levels. France Invest did not comment. A slip? Hard to hear the truth? Vincent Mortier finally corrected his statements at the end of the day...
Private equity: Amundi's CIO backtracks on his comments
(Credit: Amundi)
Vincent Mortier, (Amundi): "You know that you can sell your stake to another private equity firm at 20-30 times future earnings."