Private equity: Wall Street’s hottest club is becoming less exclusive
The sector’s pitch has worked but the next challenge is persuading investors to stay
The sector’s pitch has worked but the next challenge is persuading investors to stay

Popularity of evergreen vehicles with wealthy individuals could ‘fundamentally alter the landscape of private equity’

Investors question if some institutions rubber-stamp deals that could benefit other businesses

For some observers, the rapid rise of this asset class invites unsettling historical comparisons

Firms are struggling to raise money even as they offer discounts to attract new investors

Fundraising by evergreen vehicles has slowed amid worries about exposure to software and AI

The industry has come under the spotlight for circular dealmaking, but it has always eaten a lot of its own cooking