Davidson Kempner Capital Management has warned that financial stress across the private capital industry is deeper than many on Wall Street recognise, with a “substantial portion” of private equity firms already under pressure, according to a report by the Financial Times.
Tony Yoseloff, managing partner and chief investment officer at the $38bn credit hedge fund, said traditional metrics are masking weaknesses in leveraged buyouts completed over the past decade.
In new research, Davidson Kempne...
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