Private Equity’s Loved Assets Turn Problem Children in Downturn

The private equity industry is waking up to a reckoning after more than a decade of stratospheric growth fueled by cheap debt and a relentless flow of investor capital.

That’s according to at least half a dozen private equity dealmakers and investors at the industry’s first major symposium of the year in Cannes on the French Riviera, who gathered against a backdrop of stubborn inflation, higher interest rates and a tough market for new investments.