Private Equity Funds "Big, Fat Target" Says Wharton

Private equity firms (PE) have outperformed the S&P 500 for the last several decades, observed participants in a University of Pennsylvania’s Wharton School Capital Summit in San Francisco.  These funds are now a $500 billion-a-year industry that “has become a big, fat target.” Salad days in private equity coming under pressure The problem in the industry is currently one of supply and demand. As ValueWalk has noted on several occasions, the number of investment targets is dwindling while the number of those chasing targets is increasing. When supply drops and demand rises the financial equation changes. For private equity when…