PE Overhang Falls to $376 Bln As M&A Searches for New Normal
The PE overhang has fallen. Normally, any discussion about the huge amount of dry powder that buyout shops must invest makes me yawn. But I've learned that the so-called overhang dropped to $376 billion in December 2010, according to Cambridge Associates. This is down about 12% from the $425 billion PE firms needed to put to work in late 2009, Cambridge says in a report, "Still Nursing the U.S. Private Equity Hangover."
16 June 2011•2 mins read
