Are PE firms the new strategic consultancies?
Seems so, looking at how Warburg Pincus has chosen McKinsey's Leo Puri as one of its MD in Mumbai (hat-tip: VCCircle)
So what do Private Equity firms do?
According to the wikipedia:
Private equity firms typically manage a family of fund vehicles which are used to make investments in companies or other assets. These funds can be structured in a number of different ways although the most common form for an institutional private equity fund is either the Limited Partnership (LP) or the Limited Liability Company (LLC).
Given a choice, dear reader, where would you work? Consulting firm or a PE firm?