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We were just hard to duplicate. I think people skipped a lot of history, even with Ced [Gee] You wouldn't have even heard of KRS-One [click to read] if it wasn't for Ced. That whole umbrella of Boogie Down Productions and Scott La Rock used to come up to Ced's house in the projects. 'The Bridge is Over' [click to read] [used] the drums from 'Funky.' But people erase time and the past. A lot of people go into their life and their future and they forget everything.
That's another thing also that people have a bad habit of. How can you erase what you started? A lot of people don't want to remember, a lot of people pay publicists to cover the past. A lot of people have different issues in their musical careers that they, if you really go back and look at a lot of rappers before-and-after's you would be surprised
That upswing is pretty counterintuitive, given the ongoing credit crunch. Keenan Skelly of Private Equity Analyst says the data reflects lessons learned during the last downturn - many limited partners (LPs) slowed their investing in 2001 and 2002, only to miss out when some of those funds turned out to be big winners.
However, that's not to say that the stock market crash over the past two weeks won't change things. With few deals getting done, and thus no way for PE firms to lock into returns on their investments, many investors in private equity firms will get nervous - or they will suffer credit crunches themselves - and will lack the money or the will to invest in the coming quarters. A PE downturn is long due.
Within the broader private equity umbrella, certain types of firms are thriving while others are struggling to bring in new money. Financing for venture capital funds, for example, is actually flat, with 107 funds raising $19.7 billion this year, compared to 103 financing funds raising $19 billion last year. Mezzanine funds (i.e., firms that back later-stage companies right before a planned exit) have grown tremendously, from $3 billion to $36.9 billion, while buyout firms' fundraising fell from $118 billion to $103.3 billion.
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