The consensus on the asset class is being rewritten. The question now is not whether the model is broken, it is whether the exit is wide enough for everyone to leave.
US equity markets have had a banner run in the years since the COVID-19 market panic.
Yet despite the S&P 500 surging almost 95 per cent over the past five years, US private equity firms are struggling to profitably sell the portfolio companies they have accumulated – almost 12,000, according to research by accounting firm Cherry Bekaert.
