Not even the giants of cheap-as-it-gets index investing can resist the allure of private equity. After years of internal deliberations, Vanguard Group, the House John Bogle Built, with its $6.2 trillion in assets, has decided to open its very first private-equity...
Investors are supposed to be paid extra for lack of liquidity in investments. Not any more It is a guiding principle of finance that there is a premium to pay for tying up investors’ money in illiquid investments. The tighter those knots are, and the longer holders...
Implicit in these predictions is a conviction: private equity’s strong secular growth won’t be derailed by the vagaries of the next few economic cycles. Predicting, of course, is hit-and-miss, particularly when you’re looking 10 years out. Please don’t blame me if I...
The median holding time of private equity assets continues to decline. As of the end of 2019, it’s down to 4.9 years, the first sub-five-year reading since 2011, according to PitchBook’s 2019 Annual US PE Breakdown. During the time period since 2011, PE...
Finland’s Kone (KNEBV.HE) and private equity firms are battling to buy ThyssenKrupp’s (TKAG.DE) prized elevator division worth more than 15 billion euros ($16.6 billion), a deal which would be Europe’s biggest private equity deal in 13 years. Thyssenkrupp says it will...
