In the past, Harrison has said private equity groups’ “raid” on UK plc will continue unless there is a sweeping reform of City rules to lighten the load on public companies.
“There’s a very good reason why five or six PE [private equity] firms are going round and buying everything in the industry,” Harrison said at the event. “They’re making an awful lot of money out of it.”
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To solve this buying “raid” and help firms innovate with their own money, Harrison has suggested new regulation which would give investors access to non-quoted opportunities and to less liquid assets such as private equity, private debt, real estate and infrastructure.
ruby.hinchliffe@ft.com
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