Pension funds and private equity: a puzzling romance

Pension funds and private equity: a puzzling romance

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...
Ten Predictions for Private Equity in 2029

Ten Predictions for Private Equity in 2029

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...
Ups and downs: the battle to buy Thyssenkrupp’s elevator unit

Ups and downs: the battle to buy Thyssenkrupp’s elevator unit

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...
New Leadership Agenda for Private Equity

New Leadership Agenda for Private Equity

Several factors could give the private equity industry a sky-high bounce. Private equity could grow by five times over the next decade. Big firms will get bigger and smaller firms will specialize. Firms will need to align with environment, social and governance...