Investing
Private Equity Firms Need ‘an Angle’ in Tougher Times, Vistria’s Nesbitt Says
- Private equity-related deal volume has plummeted in 2023
- CEO says firms must strategize in challenging environment
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Private equity firms have to be more strategic when considering prospective deals, given fierce competition for the few companies on the market, said Martin Nesbitt, co-founder and co-chief executive officer of The Vistria Group LP.
“You have to be very disciplined and selective and pick businesses that you know a lot about, where you think you can systematically create value and that you have confidence in over the long term,” Nesbitt said on an episode of Bloomberg Wealth with David Rubenstein.