How about just (untested, and also case-sensitive):
sub TestEquity {
return
$_[0] =~ m/private.*equity/ ? 0 :
$_[0] =~ m/equity/ ? 1 :
0
;
}
This could be slightly simplified if you can tolerate "" (empty string) as a false flag in addition to or in place of 0.
BTW: "I can't get it to work" is rarely helpful as a problem description. How about some input strings and actual versus expected output?
Update: Changed $_[0] =~ m/private.*equity/ to $_[0] =~ m/private/ because it makes more sense.
Update: ... and then changed it back to $_[0] =~ m/private.*equity/ because it actually makes even more sense that way! (sigh)
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