Spate of New Deals Unveil Deep Shift in Private Equity Takeovers

Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we examine the growing convergence of private and public markets, bleak prospects for up-and-coming venture capitalists and a rare private credit auction. But first, a look at how private equity firms are revolutionizing the way they finance buyouts. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Erin Fuchs, Carmen Arroyo and Davide Scigliuzzo

Times are tough for private equity. Endowments and pensions have reined in their PE allocations, and a protracted lull in deals and initial public offerings have slowed fundraising.