Deals

Private Equity Gets a Liquidity Lecture From Hannibal Lecter at IPEM

Private equity executives couldn’t escape the liquidity question at this year’s IPEM conference in Cannes.

Pedestrians walk on the Promenade de la Croisette in Cannes, France, plus Transocean strikes $5.8 billion deal for Valaris.Photographer: Antoine Antoniol/Bloomberg

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By Swetha Gopinath

February 9, 2026 at 6:58 PM UTC

This article is for subscribers only.

Hi, it’s Swetha Gopinath. I’ve just returned from the annual IPEM wealth conference in Cannes, where the issue of liquidity was a top agenda item. Also today, we Lilly stays on the acquisition path while the off-shore drilling sector consolidates.

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