Why PE Is The New Training For Commerce Secretaries

Law360, New York (December 1, 2016, 3:23 PM EST) -- The selection of billionaire private equity investor Wilbur Ross to lead the U.S. Department of Commerce by President-elect Donald Trump marks the third consecutive commerce secretary to have ties to the private equity industry, and experts say the role is a natural fit for those with a private equity past.

Ross, founder of private equity firm WL Ross & Co., will replace incumbent Commerce Secretary Penny Pritzker, who has founded or co-founded a handful of private investment or investment management businesses in her career, including PSP...
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