- Private Equity World Engulfed by Perfect Storm. The Wall Street Journal. Essentially the article says PE firms were struggling before the tariff battles and now deals have moved to a standstill. The three largest buyout firms are down more than 20% year to date. Blackstone, Apollo Global Management, Inc. and KKR.
- “The longer the deal logjam lasts, the harder it will be for firms to hand money back to clients such as pensions and endowments. The amount of unrealized value the funds owe their investors has hit record levels, according to an analysis by credit-ratings firm Moody’s Ratings. That makes it tougher for the firms to raise new funds.”
- Investors in PE funds keep making commitments to new funds and funding capital calls. Yet the return of capital and profits from the last two or so vintage funds is moving very very slowly if at all. For first generation successful families, investing in PE and VC funds may be akin to the dog who chases and the catches the car. The chase may be more fun than the catch.
Mergers & Acquisitions
April 30, 2025
11:17 am
M&A Activity Down in Q1 Due to Uncertainty. “M&A is like a barometer of business