Investors are pouring money into buyout shops, including Blackstone Group Inc and Carlyle Group Inc as they seek higher returns after years of low interest rates and lacklustre hedge fund performance.
NEW YORK: Private equity (PE) firms have big plans for 2020.
About three-quarters of managers raising a PE fund in the coming year expect it to be larger than the prior money pool, according to an EY survey released Wednesday. That’s the highest share since 2013, when EY first started posing the question to firms. Almost 60% of managers plan to raise a fund in the coming year, the survey found.
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