Unlike most traditional asset managers that trade in public securities, private equity and venture firms often take a “hands-on” approach to their portfolio companies through a combination of financial engineering (e.g., realizing expense synergies, changing capital structures), installment of executive management and board members, and significant contributions to the development of a target company’s business strategy.
结合以上句子,应该是私募股权基金和风险投资基金的“目标公司”,从买入目标公司,优化,到最后,IPO或者是收购兼并。