Leveraged Buy-Out Funds: Investments by Selected Pension Plans
HRD-89-121
Published: Aug 01, 1989. Publicly Released: Aug 01, 1989.
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Highlights
Pursuant to a congressional request, GAO reviewed the role of private and public pension funds in leveraged buy-outs (LBO), focusing on the: (1) methods pension plans used to evaluate LBO-funded investments; (2) principal provisions of LBO-fund limited-partnership agreements; (3) rate of return pension plans obtained on LBO-fund investments; and (4) Department of Labor's oversight of pension plan investments in LBO funds.
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CorporationsEmployee retirement plansFunds managementInvestment planningInvestmentsPensionsSecuritiesPension planPension plansPublic and private partnerships