Private Equity Firms Are Currently Flush With Cash
According to MoneyWeek, private equity firms have been raising capital at the fastest rate than they’ve managed in over a decade and that they are currently flush with cash and desperately looking for the right investment opportunities.
The article includes performance results from some of the best known PE firms which are showing healthy returns. However, the lack of enough investment opportunities is likely to drag on their performance in the coming year.
About all the cash sloshing about in PE land Moneyweek says:
This is both good and bad news for investors in PE funds. The good news is that competition for assets is driving up the prices on disposals; the bad news is that finding attractively priced deals in which to invest the proceeds is a growing challenge.