London Battles Tough Competition for Private Markets’ Crown
The city is losing out as hedge funds relocate to the United Arab Emirates and private equity executives move to Milan
Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at the growing chorus of private credit skeptics and the mixed blessings of London’s general malaise. Plus more private lenders are taking ownership of businesses — Silas Brown
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The general malaise across London’s financial markets is a blessing and a curse for private markets. While the city’s shrinking equity markets open up a range of buying opportunities for the industry, the siren songs of Milan and the United Arab Emirates are tempting more and more executives to leave.