These fund managers are raking in capital amid negative rates

STOCKHOLM: Private equity wasn’t supposed to survive the 2008 financial crisis. After defying that prophecy, it’s now emerged as the best asset class in an age of negative interest rates.

In the Nordic region, which has been more battered by negative rates than most other places, one of the biggest private-equity funds says it would now take a “black-swan event” to disrupt the constant and heavy flow of funds into the industry.