Is Private Equity Cooked? Andreessen Horowitz Says Buyout Math Has Broken
A16z argues buyout's 2010s formula is gone: US buyout returned 14.5% a year, trailing the Russell 3000, while $140B of risky PE debt matures in 2028.
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A16z argues buyout's 2010s formula is gone: US buyout returned 14.5% a year, trailing the Russell 3000, while $140B of risky PE debt matures in 2028.