How private equity kept its head in 2019
Trillions of dollars in dry powder and rising asset prices threatened to swamp private equity in 2019. But local players have maintained discipline.
This was the year private equity was supposed to lose its head.
The ingredients were all there. Trillions of dollars in dry powder, the world's biggest companies raising more money than ever before, low interest rates pushing asset prices higher, and of course, Australia's big super funds eager to get in on the action.
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