Monday, April 11, 2011

Private Equity: Going the Way of the Dodo?

And Carlyle is coming public.
From Deal Journal:
Private-equity fund managers went out of business last year at the fastest rate since records began 10 years ago and another 150 firms are forecast to disappear this year.

People in the industry say the figures provide the first hard evidence that the private-equity business has peaked.

Data provider Preqin said 183 fund managers are now in run-off–when firms divest assets and make no new investments–more than double the 90 in run-off in 2009. Being in run-off is the private-equity equivalent of going out of business....MORE
HT: peHUB who have some interesting comments.