Private-equity tricks mask mounting debt

Jonathan Lavine, a co-managing partner at Bain Capital, is warning that massive debt piles in the private-equity industry are raising the risk of a crash.

In an interview with the Financial Times published Sunday, Lavine said some in the industry were being "increasingly aggressive" in their calculations of future sales growth when analyzing client deals, meaning debt levels are based on increasingly exaggerated financial projections.

Read more at the Insider.