Private equity, the business of buying companies, fixing them up and selling them for a profit, is in a bind. The industry boomed during the era of low interest rates, when private equity firms could raise ever-bigger piles of cash from pension funds and endowments to purchase large, expensive companies, with the help of inexpensive debt. But the Federal Reserve’s move in 2022 to increase borrowing costs cut off that flow of cheap money, setting off a slowdown in the buying and selling of compan
What Are Private Equity’s Continuation Funds? How Do They Work?
