Private Equity Invents New Ways to Gin Up Cash in Deal Drought
Buyout firms are putting new spins on older methods of money-gathering.
A worker wearing protective gloves counts U.S. dollar banknotes.
Photographer: Francesca Volpi/BloombergWelcome 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 rush of capital flowing into data centers needed to power AI, as well as the newfangled methods private equity firms are deploying to drum up cash when deals are scarce. But first, we look at why one executive thinks selling secondhand PE stakes is the new normal. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Erin Fuchs
A major theme in private equity right now is the secondaries boom. Deals have yet to rebound, which means it’s tough for private equity firms to sell their portfolio firms and get cash back to fund investors.