Friday, June 6, 2014

Old Salty PEU

BusByway writes:

David Rubenstein, Co-CEO of the Carlyle Group, said "The U .S. markets are not cheap, and it's very difficult to find deals in the buy-out world." That's not a good sign. Following Rubenstein was former Treasury Secretary Larry Summers, who said, "We are not at the end of financial instability."

Private equity underwriters (PEU's) are cashing in stock holdings in a number of affiliates.  Do they project an increased need for cash?