Private finance accelerating away from public markets
With private equity booming, our sharp-shooting columnist Jon Moulton fears that there’s not enough skin in the game
Perhaps it’s no coincidence that, over the same period, private equity has exploded – this is an ‘industry’ measured in the trillions of dollars. But it’s neither immune to the inevitable effects of having to do more marginal deals as competition heats up, nor to the effects of low interest rates that have pushed private equity investors into accepting lower returns than historically achieved.
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