peHUB Second Opinion 4.1
PE Distress: Instead of distressed PE, we're seeing firms like American Capital and Candover really struggle. (Reuters) Also: Heads up, American Capital's earnings call is next Tuesday after the market closes. Adapt To Thrive: The future of private equity. (McKinsey Quarterly) There's No End To Dumb Money: Just less of it. Daniel Gross writes that Chrysler symbolizes the end of dumb money. I'm not sure Chrysler symbolizes a lot for private equity, because, as Dan said this morning, it was a long shot to begin with. (Tech Ticker) Meanwhile: The Deal calls Cerberus' failed attempt to save Chrysler valiant but vain. (But only valiant if the firm had succeeded, I suspect). (The Deal)
1 May 2009•1 min read
