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Private Equity

Private Equity: The Emperor Has No Clothes | Cfa Institute Enterprising Investor

by blogs.cfainstitute.org posted 11months ago 102 views
Liquid alternatives to private equity can be created simply by buying small, cheap, and levered stocks, Nicolas Rabener writes. : The private equity industry had an abysmal outlook in 2008 and many portfolio companies were at the brink of collapse. Carlyle Capital, a listed affiliate of the US buyout giant The Carlyle Group, defaulted on its debt. Fast-forward to 2018 and such global financial crisis–related difficulties seem almost forgotten and private equity is flourishing. Indeed, alternative investment firms have $1.8 trillion in “dry powder” waiting in reserve and more than half of that is held by private equity funds.