JPMorgan's Hessberger Sees PE Funds Getting More Innovative

The video discusses the evolving landscape of asset management, highlighting how funds are adapting by setting up low-return funds and employing innovative strategies like the 'buy and build' approach. It also examines the trend of public companies going private and the geographical shifts in private equity, with firms expanding their presence across Europe to better serve clients.

Can you explain the concept of 'buy and build' strategy mentioned in the text?

What are some examples of companies that have been taken private recently?