来自《耶鲁大学开放课程：金融市场第20集第20集》

because it basically makes really great returns.

基本上它可以产生很好的回报
It attracts very talented people.

它吸引了很多有天赋的人
It reallocates capital around the globe.

重新分配了全球资本
It goes where there's opportunity and it improves companies

会流向充满机会的投资领域
by investing more capital in these businesses.

并通过权益性投资改善改善公司状况
So, there's an enduring place for private equity.

所以私募股权是一个长期领域的投资
Right now, there's a capital crunch

现在资本紧缩
and there's not much money available to borrow

并且没有太多的可借资金
except on smaller deals.

小规模交易除外
That circumstance happened briefly in 2002,

2002年曾短暂地出现过这种情况
it happened in 1990-91,

而在1990-91年间
happened in 1987, happened in 1982, happened in 1975;

以及1987 1982 1975年