Lending occupies more and more of PE companies’ attention, per a new PitchBook Report.
The loans yield around 10% yearly, a big enticement to investors, and borrower demand is high, according to Turning Rock Partners.
His Pershing Square plans a 2025 IPO, and recently sold a 10% stake worth $1 billion.
Amid encouraging market performances of other public buyout companies, expect a spate of PE operators to go public, says PitchBook.
Yields are high, and well-fixed institutions back them, but what happens in a recession?
Will the PRT be financially solid? Will the sponsor be left worse off? How will transferred beneficiaries fare?
Venture capital and private equity boosted their valuations mightily in the past 20 years.
Prospects for exits, money-raising, and new deals dim amid the scary economic slide.