Editor’s Letter: Secondaries is major recipient of rise of private capital

private equity, secondaries
Private Equity Editor Chris Witkowsky reflects at home. Photo by Wendy Witkowsky
The massive flow of capital into private markets is having an interesting effect, according to Hugh MacArthur of Bain & Co. It’s boosting the average multiple of Ebitda of private assets above that of public assets for the first time ...

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