The Big Take
Private Equity’s Titans Are Told to Cough Up Their Own Cash
Dealmakers are being told to put more of their own assets on the line as they struggle to wring cash from their increasingly wary backers.
Illustration: Christian Blaza
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For years, private equity executives across the globe called the shots when they met with prospective investors for their next big fund raise, many of whom had traveled thousands of miles to meet them for the privilege.
Now, the tables have turned.