Carlyle co-founder David Rubenstein spoke at the SuperReturn private equity conference in Munich. He spoke of the rough times facing the investment sector, but is sure good times will return. When companies realize they can't get the premium prices of yesteryear, private equity underwriters will again make very profitable deals. Mr. Rubenstein said:
"Private equity has not seen the high water mark. The industry will come back stronger."
Let's see, the high water mark for Hurricane Katrina hurt alot of little people. Will Carlyle's high water mark do likewise? New Orleans had the Superdome. Over two years later Carlyle goes for SuperReturns. PEU's expect a new high water mark. How many will drown this time?
"Private equity has not seen the high water mark. The industry will come back stronger."
Let's see, the high water mark for Hurricane Katrina hurt alot of little people. Will Carlyle's high water mark do likewise? New Orleans had the Superdome. Over two years later Carlyle goes for SuperReturns. PEU's expect a new high water mark. How many will drown this time?
