Ullman: Today, we’re going to talk about the top 10 changes to the private equity industry following the Great Recession. First up is increased regulatory and public scrutiny.
Rubenstein: Following the Great Recession, the government in the United States and governments in other countries looked at private equity and other types of financial industry management and they did toughen up regulation and toughen up oversight. For many smaller firms, that is a difficult burden. For a firm of the size of ours, we can handle [that] regulatory oversight.