Private equity firms will need to accept lower valuations and adapt to a fundamentally different interest rate environment following years of distortion from ultra-low borrowing costs, according to a report by Bloomberg citing comments Apollo Global Management co-president Scott Kleinman.
In an interview with Bloomberg Television, Kleinman said the industry “lost its way a little bit” during the prolonged era of near-zero interest rates, when capital costs masked valuation risk and allowed aggre...
Continue Reading
Sign up for FREE to read the full article and access 132K+ alternative investment headlines.
Alternative Investment News