The unfortunate turmoil in the global banking industry is shaping up as a long-term benefit for private equity, set to spur even more rapid growth and profitability - for both investors and managers. Indeed, the immense opportunity to provide loans and equity investments to cash-starved companies was clearly highlighted on March 13, three days after Silicon Valley Bank’s failure. That’s when the direct private equity investment resources of the largest pension fund in the United States, The...

Since they’re outrageous, each of these predictions should be taken with a very large grain of salt (some bigger than others). Their primary goal is to amuse. And yet, perhaps outrageously, I’d wager that some will come to pass… OP1 - Norway’s Sovereign Wealth Fund Buys Publicly-Listed Partners Group, Setting Off a Massive PE Investment Wave Although a similar initiative was rejected in 2018, on January 6 the manager of Norway’s $1.3 trillion Government Pension Fund Global, the world’s...

In October, private equity giant Blackstone BX -3.7% purchased Emerson Electric’s EMR -1.8% air-conditioning business for $14 billion. Given soaring global interest rates, 40-year inflation highs, dicey geopolitics and a lingering pandemic, putting together this large a deal - one of several $10 billion-plus PE transactions this year - should have been near impossible. That Blackstone succeeded is thanks to a host of new liquidity tools for private equity that are being stress-tested for the...