Ken Mehlman, who oversees global external affairs for the New York-based private equity firm KKR & Co., was the keynote speaker at an event for institutional investors hosted by Crain’s Detroit Business and Pensions & Investments.

During the event, Mehlman talked about the changing nature of the private equity business, especially in light of the recent election and how Romney explained, or failed to explain, his association with the private equity business.

According to Mehlman, this caused the general American public to generate quite a few negative opinions about private equity.

To read the full piece in MiBiz, and find out more about the nature of private equity click here.