Which of the Following Statements Is NOT True

Which of the following statements is NOT true?

A) Private equity firms pool money from wealthy investors, pension funds, insurance companies, and other sources to make investments.
B) Private equity firms invest in more mature companies.
C) Agency problems tend to be more in firms owned by private equity investors than in public firms.
D) Private equity investors focus on firms that have stable cash flows because they use a lot of debt to finance their acquisitions.