[Explain, include history of the asset class and how it's evolved] include things like barbarians at the gate, and history of VC
Related: Private Equity
"Private Equity (PE) is a broad umbrella. Technically, the transfer of all ownership in non-public assets is 'PE.'" (Source). That includes buying big profitable companies, investing in high growth venture deals losing money, and buying small businesses.
A lot of micro private equity happens as a holding company rather than a fund. Some people make a distinction. This section is focused on investors who use capital, no matter the source, to buy a collection of small businesses.
How does the model differ from typical private equity? Expectations?
Closing a deal