What are Private Equity Funds

Private equity groups have been in the news recently in New Hampshire.

Last week, a private equity group that owns Car Component Technologies in Bedford announced it was closing down the company, putting more than 500 people out of work.

And two others recently announced they're going to buy Enterasys...a once high flying technology firm that has shed 1,800 jobs this year.

We wanted to find out just what are these groups of investors are up to.

So we called Professor Fred Kaen.

He teaches Finance at the University of New Hampshire's Whittemore School of Business and Economics.