‘Lost generation’ on higher rates

The buyout industry is facing the toughest environment since the 2008 financial crisis. — Bloomberg

ONTARIO: Private equity has to contend with a “lost generation” as interest rates remain higher for longer, according to Ontario Teachers’ Pension Plan chief strategy officer Jonathan Hausman.

“In the private equity world, we’re probably looking at a little bit of a lost generation of vintage,” Hausman said at the US-Canada Summit in Toronto.