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From Bloomberg Opinion: In 2020 and 2021, U.S. PE firms split their exit options in mainly three ways public listings, corporate acquisitions, or sales to fellow PE firms, Shuli Ren writes. But in the first six months of this year, more than half of the exits came in the form of private equity selling to each other. ....
Fed decision week delivered the next 75 bps ratchet up in short-term rates to 3.25% at the top end of the target range, but also an upwards revision in the dot plot to now show a median. ....
Private equity firms are on the hunt for new capital at a time when institutional investors are growing alarmed at the trend for buyout groups to sell companies to themselves. ....
A top executive at Denmark’s largest pension fund has warned that the private equity industry is akin to a pyramid scheme, highlighting that buyout groups are increasingly selling companies to themselves and to peers on a scale that “is not good business”. ....