Asset Classes

Private Equity

Private Equity

PE
Equity

Private Equity is any form of private equity that is not traded on public stock exchanges.

More About Private Equity

Entities

Bain Capital
Carlyle Group
Clayton Dubilier & Rice

Terms

Leveraged Buyout

Mentioned by the Following

Entities

ACIES Asset Management AG
Allied Capital Corporation
Avalon Investment & Advisory
Bain Capital
Beringea
Carlyle Group
Cooper Family Office
Founders Fund
Harmonic Fund Services
Investment Banking Institute
Mobius Capital Partners
PGIM
PitchBook Data
Salient
Sprott Inc.
The DeRosa Group
Verdad Advisers
Wind Point Partners

EntityTypes

Private Equity Fund

People

Ami Joseph
Andreas Clenow
Andrew Freedman
Andy McCulloch
Anthony Canale
Austin Root
Barclay Leib
Ben Hunt
Blake Masters
Bob Lang
Brad Thomas
Bruce Phelps
Carl Delfeld
Chris Knowlton
Christopher Cole
Damion Lupo
Dan Alpert
Dan Rasmussen
Daniël de Blocq van Scheltinga
Daryl Jones
David Fried
Dee Smith
Edward Altman
Eric Peters
Gavin McMaster
Giovanni Pozzi
Howard Penney
Jason Goepfert
Joe Lawler
John Jagerson
John Morris
Jonathan Satovsky
Keith McCullough
Kent Collier
Kevin Massengill
Leo Kolivakis
Luke Ellis
Marcos Carreira
Mark Gallogly
Mark Mobius
Mark Walsh
Marty Fridson
Matt Rowe
Matt Zames
Michael Covel
Michael Green
Michael Nicoletos
Mike Milken
Mish Shedlock
Nadine Terman
Nizar Tarhuni
Paul Hodges
Phil Taylor-Guck
Pippa Malmgren
Rick Rule
Russell Napier
Sarah Gefter
Srinivas Thiruvadanthai
Stephen Bigalow
Steve Hanke
Stuart Veale
Tina Hay
Trevor Mottl
Tuur Demeester
Vincent Catalano
Woody Brock

Publications

The Weekly Quill
Investment Valuation
King of Capital
Pension Pulse
Raising Private Capital

Strategies

Venture Capital

Terms

Alternative Investment
Collateralized Loan Obligation
Leveraged Buyout

  • typically have lower volatility than private equity - due to infrequent and self-determined valuations (no daily price like public markets)


Examples of Public Equity
  • Investments in private startups
  • Investments in Private Equity Funds
  • Investments in non-public LLCs and partnerships


Massive Expansion After 2008 Financial Crisis

  • Private Equity assets grew 7x after the 2018 Financial Crisis (circa 2020)
  • Driven by desire for higher returns and lower volatility (thanks to infrequent asset valuations vs. public market real-time valuation)
  • Resulted in private equity firms being more competitive and paying higher prices
  • Debt levels have increased (higher EBITDA multiples) & loan covenants have decreased
  • Banks have limited loans (too risky with high ration).  Private debt markets have taken over