Zortix matched this thesis to Rates & bonds ETFs as the exposure the bearish case argues against, most actionable for readers who already hold them. Not a recommendation.
Private equity faces a structural headwind from higher rates
The thesis presented is that the private equity industry's past success was heavily aided by a 40-year secular decline in interest rates, and the new higher-rate environment represents a 'sea change' that will pressure returns and deal activity.
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The story so far
DORMANT · 3 MENTIONS · 2 SHOWS
1 UPDATE · 2 REPEAT
- THE INSIGHT BY OAKTREE CAPITAL
- THE MEMO BY HOWARD MARKS
- THE MEMO BY HOWARD MARKS
- Private equity faces a structural headwind from higher rates · THIS IDEA
HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD