, Columnist
Billionaires Can’t Get Enough of Private Equity
The ultra-wealthy are stepping up as pension funds and endowments reach their limits.
Checking out private equity.
Photographer: Spencer Platt/Getty Images
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After a record fundraising year, there are worries that private equity’s golden era is over.
Banks’ souring sentiment toward buyout loans and a drought in initial public offerings are pressuring both ends of private equity’s deal machine: the buying and selling of companies.