When will regulators turn their collective gaze from Big Tech to Big Private Equity?
The so-called alternative assets industry has muddled through a difficult year to date. The dearth of M&A and IPOs have kept managers from returning cash to their limited partners. In turn, those LPs are proving unwilling to commit new money to funds. According to data from Preqin analysed by Bain & Company, the funds attempting to raise $3tn from investors will only raise $1tn.
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