Once upon a time, in the jargon of private equity, a “secondary” would have meant one master of the universe selling to another. Now, it could easily refer to a buyout fund flogging assets to itself.
从前，用私人股本的行话来说，“二级”意味着一个“宇宙主宰”向另一个“宇宙主宰”出售资产。现在，它很可能指一家收购基金向自己出售资产。
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