Bonus before bankruptcy or BBB. Where is the governance? Hopefully some of the bonuses will be subject to clawback. The beauty of the “heads I win, tails you lose” C-Suite. When company does well bonus is well deserved, when company does poorly they need to retain management to execute “visionary” turnaround. And when board is …
Ridiculous how PE pumps debt into a company and only uses dry powder for new companies rather than supporting the companies they layered in debt. Private Equity Lands Billion-Dollar Backdoor Hospital Bailout [“https://www.bloomberg.com/news/features/2020-06-02/private-equity-lands-billion-dollar-backdoor-hospital-bailout”]
Are Leveraged Loan Funds a Liquidity Time Bomb? https://www.linkedin.com/pulse/leveraged-loan-funds-liquidity-time-bomb-rod-dubitsky
What happens when pensions wake-up to the fact that PE excess returns are zero after adjusting for all risks? https://finance-commerce.com/2019/12/peak-private-equity-fears-spread-across-pension-world/
This article raises 3 key issues related to private equity – 1) when there is a failed IPO do the PEs mark down the private valuation on the assumption that failed IPO implies that private value is too high?, 2) what is the process to ensure private sales and/or swaps are properly valued and arm’s …
Private equity returns are not all they seem – https://on.ft.com/2MbmtJN via @FT
On the false promise of private equity. https://ritholtz.com/2019/10/endowments-shift-from-hedge-funds-to-private-equity/
84% of care home beds in England owned by private firms https://www.theguardian.com/society/2019/sep/19/84-of-care-home-beds-in-england-owned-by-private-firms?CMP=Share_AndroidApp_WordPress
Ordinary savers should be allowed to invest in private equity – https://on.ft.com/2ZEM6dK via @FT