Eyes tend to roll at private equity gatherings whenever the words "war chest" and "dry powder" are uttered.
That is because as long as corporate raiders have been raising money, there has been debate as to whether they have raised too much and therefore will crowd out value-oriented sharemarket investors
Loading...
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
