At the Risk of Beating a Dead Horse . . .

The Financial Times just published a cheery health check on the Private Equity industry:  Bombed-out buy-out.

All well covered territory on this blog and many others, but I did like David Rubenstein's summary of private equity in 2009:

"Private equity firms will spend 70 per cent of their time shoring up their investments, 20 per cent of their time shoring up their investor base, 5 per cent trying to raise new money and 5 per cent trying to do new deals."

Comments

[ermen]

Interesting... though can you make an argument that Rubinstein's view was more US/UK centric? It seems that even though nobody has closed anything of note in Australia of late (MYOB maybe?), people are optimistic about 2H09 for PE over here?