Going Private

Private Equity Firms Hunt for Alternate Ways to Return Investor Cash

With a prolonged deal slowdown, private equity shops are turning to stake sales and debt to generate liquidity

Blackstone President Jon Gray speaks during the Bloomberg Invest event in New York, US, on Tuesday, March 4, 2025.

Photographer: Michael Nagle/Bloomberg
Lock
This article is for subscribers only.

Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we’re looking at two paths that private equity firms can pursue to generate liquidity and return investor capital. Plus, UK pension fund managers have agreed to invest some of their holdings in domestic private markets — Isabella Farr.

If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net

With few options to make money right now — thanks to a paucity of deals and initial public offerings — private equity firms have been forced to come up with alternate ways to generate cash for their investors.