Tough Times? You Wouldn’t Know at Party for Private Equity Titan

AN EXCERPT:    These are not halcyon days for the private equity industry. Returns are down. Fund-raising is trying. A tax increase looms….Such challenges, however, did not deter one of the industry’s titans, David Bonderman, from holding a 70th birthday party for himself and about 700 of his closest friends at the Wynn resort in Las Vegas Saturday night….Paul McCartney was the surprise musical guest, playing for more than two hours. A newly minted septuagenarian himself, Mr. McCartney, the former Beatle, headlined a concert that also featured the comedian Robin Williams and the rocker John Fogerty. Mr. McCartney played several Beatles hits, including “Revolution” and, in a song befitting a 70th birthday, “The Long and Winding Road.”

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