Conditions are ripe for a private equity bubble, according to a panel of buyout executives at Harvard Business School’s 19th annual Venture Capital and Private Equity Conference,
Bubble or condom? The Economist reported:
Private-equity firms globally have nearly $1 trillion of “dry powder”, or unused funds, which they need to deploy for investments, according to Preqin, a research firm.
Might it bring another round of shameless excuses from the David Rubenstein's of the world.
Rubenstein is co-founder of The Carlyle Group, a private equity underwriter (PEU) with $170 billion under management.