Ken Moelis Sees ‘Huge Backlog’ of Deals After Fed’s Rate-Hike Regime
- Stable rate environment would unleash M&A activity, he says
- Private credit set to accelerate as key growth driver: Moelis
This article is for subscribers only.
Ken Moelis said the deal pipeline at Moelis & Co. is at the highest level ever due to significant pent-up demand for mergers and acquisitions after almost two years of Federal Reserve interest-rate hikes.
“I don’t actually believe we needed rate cuts to re-stimulate the M&A market,” Moelis, the investment bank’s founder and chief executive officer, said Wednesday during the Goldman Sachs US Financial Services Conference. “We just needed some stability and no rate cuts.”