Firms led by Blackstone Group Inc. and Carlyle Group LP have amassed almost US$1.5 trillion in unspent capital, the highest year-end total on record, according to data compiled by Preqin
NEW YORK: Private equity firms are ready to pounce in 2020, armed with a record level of cash.
Firms led by Blackstone Group Inc. and Carlyle Group LP have amassed almost US$1.5 trillion in unspent capital, the highest year-end total on record, according to data compiled by Preqin. While last year saw roughly US$450bil worth of private equity deals, M&A activity this year could be on a scale not seen since the financial crisis.
“We’re entering the year with people feeling much better about the economic and geopolitical outlook than was the case a year ago, ” said Jason Thomas, global head of research at private equity giant Carlyle.
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