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City of London

Parts of Private Equity Look Like a Ponzi, Amundi CIO Says

  • Vincent Mortier says private markets are in a ‘big bubble’
  • Executive also says ‘good opportunities’ remain in industry
Updated on

Some parts of the private-equity market are beginning to resemble a Ponzi scheme, according to Amundi SA’s chief investment officer. 

Vincent Mortier said in a virtual press briefing Wednesday that the volume of money raised in recent years by private-equity houses had driven up valuations and incentivized firms to buy assets from one another at inflated prices.