The AIC Sectors page says of Growth Capital, "Invests in unquoted shares. Generally takes non-controlling stakes in early to maturing companies", whereas Private Equity is described as just "Invests in unquoted shares".
Is the controlling/non-controlling stakes the essential difference, and if so might it not be a good idea to amend the description of Private Equity to include "Generally takes controlling stakes in...", or is it not as simple a split as that?
![Confused :?](./images/smilies/icon_e_confused.gif)