Public problems for private equity

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Public problems for private equity
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How will private equity compete in an era of higher interest rates?

For years, low interest rates let private equity deliver huge returns to investors. But now rates are up, and private equity is struggling. Many PE firms are turning to financial engineering to boost results. Today on the show, we wonder how that’s going to turn out.

Also we go long the dollar as reserve currency and short the Birkenstock IPO. For a free 90-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer Follow Ethan Wu and Katie Martin on X, formerly Twitter. You can email Ethan at [email protected]. Read a transcript of this episode on FT.com

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