A new kind of private-equity firm
from Crain's Chicago Business
When Chicago financiers Marty Nesbitt and Kip Kirkpatrick founded Vistria Group in 2013, they had a different kind of private-equity firm in mind—one that would be more progressive in its practices and defy skeptics with strong returns, too. "I don't even like the term 'private equity,' " says Kirkpatrick, a longtime buyer and seller of companies who says the label conjures up images of "white men at the country club" and corporate raider-types like the Gordon Gekko character played by Michael Douglas in the movie "Wall Street."
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