KKR global co-chief executive Scott Nuttall has dismissed suggestions the sector is facing a reckoning due to falling investor returns and a dearth of deals, but says there will be a growing gap between private equity firms that can manage through higher-for-longer rates and inflation, and those that binged on expensive investments during the COVID-19 pandemic.
Data released by Bain & Co this week showed that after strong deal activity in the March quarter, volumes plunged 24 per cent in April as uncertainty from US President Donald Trump’s tariffs rocked markets.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
