Thanks, Fed: $1.5 Trillion Of Private Equity Dry Powder Is For Extracting Economic Rents, Not Funding Growth

Private equity firms are ready to pounce in 2020, armed with a record level of cash. Firms led by Blackstone Group Inc. and Carlyle Group LP have amassed almost $1.5 trillion in unspent capital, the highest year-end total on record, according to data compiled by Preqin. While last year saw roughly $450 billion worth of […]
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