3
Private equity firms are facing systemic challenges after a half-century of meteoric growth as attractive takeover targets become scarce and financing costs remain elevated while exits prove increasingly difficult. US buyout funds currently hold more than 12,000 companies that would take approximately nine years to fully distribute at current rates, according to PitchBook data.
The industry holds $1.2 trillion in dry powder and nearly a quarter of that capital was pledged at…
