There are a couple of things to note, at the start of this new chapter.
Firstly, as ever the
Secondly, private equity isn’t just yesterday’s news as the sovereign newcomer ambles towards centre stage. PE – being (frankly) much, much smarter, is in fact aiming to play a clever arbitrage between stockmarket valuations and the truly silly prices sovereign funds are often willing to pay. With their superior technical ability to prise companies out of public ownership, the PE funds plan to warehouse assets they will later sell on to dumb sovereign money.
What sport ! Mega-bonuses all round.