PE and the debt crisis: Coping with chaos
Private equity investors, accustomed to 5-7 year horizons, shouldn’t be overly concerned by short-term fluctuations in the public markets. It is a reassuring boilerplate statement, but given the volatility of the last fortnight, perhaps it is easier said than done.
The Dow Jones Industrial Average Index reached 12,724 points on July 21, close to its 12-month high. It lost 10% over the next two weeks as political negotiations about increasing the US debt ceiling floundered...
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