Private equity sits on cash mountain, wonders how to spend it - Reuters
Private equity funds face increasing deal-making competition in 2014, Bain & Company consultants said this week, with a record US$1 trillion cash pile adding to the pressure to find strong investments, reports Reuters. While surging equity markets helped funds to cash out on their investments in 2013, high asset prices have also forced down the number of buyouts by 11 percent as funds struggled to identify bargains. But investors are still pouring money into the industry, whose undeployed capital, or "dry powder", rose 12 percent last year to a record US$1 trillion, higher than levels before the financial crisis.
3 March 2014•3 mins read
