What A Pres. Obama Could Mean For Private Equity
Released last night, a CBS-NYT poll has given Barack Obama a 14 point lead in the presidential race. Based on that outlier, Fivethirtyeight is projecting an 8.1 point lead. With that in mind, I have a few PE-specific thoughts on a potential Obama presidency. First off, there's the new economic proposals. He wants to loosen rules to allow people to draw as much as $10,000 from their pension plans without penalty. This is essentially taking money out of the system. And who are some of the biggest, most stable investors in private equity? Pension funds. Won't this contribute further to the already-shrinking pool of capital from which pension funds invest?
15 October 2008•2 mins read
