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Private Equity

Private equity giants begin to unwind remote working arrangements

Firms such as Advent and Blackstone and are paying for taxis and introducing Covid-19 tests to bring staff back to the office

After months working from home, employees of global private equity firms are now being encouraged to get back to the office.

Blackstone has told staff worldwide to avoid public transportation in their commute and is offering to pay for its workers’ taxi fare, a person familiar with the matter confirmed to Private Equity News. Despite the push, “returning to the office remains purely voluntary”, the person said.

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