This May Make You Think Twice Before Investing More In Private Equity

Private equity has been growing in popularity over the last few years, and it has become more and more of a focus this year. Now a pair of recent reports point to some rather alarming trends in the private equity industry. These trends are further signs of excess within what is now the longest-running bull market in recorded history. Private equity performance To capture a picture of how private equity funds stack up to the public equity markets in performance, Michael Cembalest of J.P. Morgan Asset Management used the Public Market Equivalent (PME) ratio. He also divided private equity funds…