Carlyle co-CEO says private equity to face competition from LPs: Reuters
Private equity firms are awash in cash, with nearly US$1 trillion of available capital, but the industry is facing internal competition as limited partner investors seek to play a more active role in buyouts, Reuters reported, quoting David Rubenstein, co-founder and co-CEO of the Carlyle Group. The structure and composition of PE funds will change significantly as LPs that would previously have invested in the funds increasingly branch out into arranging buyouts themselves, Rubenstein said. He predicted that sovereign wealth funds will replace U.S. public pension funds as the largest source of capital for buyout firms, and said that retail investors will also play a more significant role going forward.
17 November 2017•3 mins read
