Bain's managing director, Steve Pagliuca, spoke yesterday at the Private Equity Analyst Outlook conference in New York. According to Financial News, he stated that buyout firms are heading into a favorable period. When bubbles burst, opportunities increase: "We will see some good opportunities over the next few months as there is always a large use of capital after a bubble."
Pagliuca's sentiment echoes Carlyle's Louis Gerstner, who recently said that the current private equity slowdown offers the biggest players excellent opportunities to increase their investments as weaker investors panic and sell their stakes. Gerstner seemed particularly interested in overseas investments. Pagliuca, though, says Bain plans to stay closer to home, with a majority of probable deals in the U.S. over the next two years.Bain closes $20 billion buyout fund, expects deals to pick up
Bain Capital has just closed a $20 billion global buyout fund. Bain reportedly had no problem raising the money, as investor demand for stakes in buyout funds is growing as the economy weakens.
Recent Posts
BloggingBuyouts is provided for informational purposes only. Nothing on the service is intended to provide personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter. You are solely responsible for any investment decisions that you make. The contributors who provide the content of BloggingBuyouts may, from time to time, hold positions in the securities discussed at the time of writing and they may trade for their own accounts. Such holdings will be disclosed at the time of writing. By using the site, you agree to abide to BloggingBuyouts' Terms of Use.
