With plenty of money and a scarcity of deals, private equity firms’ cash piles are the highest they’ve been since the depths of the financial crisis.VatorTV added private equity IPOs are at an eight year low:
Looking only at private equity-backed IPOs, there have been 18 so far this year, raising $5 billion, putting them on track for the slowest year since 2008, when there was $4 billion raised in 18 IPOs.WealthManagement reported hedge funds haven't fared well either.
For the first time in six years, flows to hedge fund and liquid alternative managers have turned negative.Hard to invest, difficult to exit and hedge funds imploding? It sounds like the end of 2007 and 2008 just before the Bush team let Lehman Brothers sink.
If you see dry powder laying about stay away and report it to your local authorities. A PEU or hedge fund may be missing their nest egg. You don't want to be blamed for their mishandling or loss.
Also, it's the time of year for giving. If you have millions and want to help The Carlyle Group's assets under management turn positive give them a call. They want more powder.