Funds for wealthy investors snap up expensive private equity stakes

Q: How long will it take to read this news story?

The story "Funds for wealthy investors snap up expensive private equity stakes" has 783 words across 25 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Funds for wealthy investors snap up expensive private equity stakes" was covered 1 days ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 7 news stories per day. It's most recent story was published 10 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28554233</li><li>URL: https://goldengate-staging18.beamstart.com/news/funds-for-wealthy-investors-snap-17469364073514</li></ul>

Financial Times 1d ago

Funds for wealthy investors snap up expensive private equity stakes - Financial Times

Quick Summary:

As the backlog of unsold assets mounts, an increasing number of challenged holdings could end up in continuation funds — and ultimately with retail investors through evergreen vehicles.

Bob Long, chief executive of private wealth at StepStone, said the firm’s evergreen funds usually invested in secondaries alongside its institutional investors, meaning they were getting “the same deals, the same price”.

There was “enormous net asset value” of companies that buyout managers had recently struggled to exit, said Finlay of Partners Capital.“Where does it all go? ” he said. “I think a lot . . . will go into continuation vehicles and in time, maybe, it finds its way into evergreen vehicles.