JPM: Record Levels Of Dry Powder Will Hurt PE ReturnsRupert Hargreaves
Thanks to the record amount of dry powder private equity companies around the world now hold, it is likely that future absolute diversified private equity portfolio returns will be lower in the foreseeable future than they have been for the past decade, that's according to JP Morgan analyst Michael Cembalest's analysis of the private equity market.
Cembalest published an in-depth special research report on the private equity industry ahead of Thanksgiving at the end of last week . . .
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