Private Equity

Blackstone, KKR fuel record $26bn in Wall Street fees as PE boom seen raging on

The buyout industry’s record spending spree has proved lucrative for banks, which have made billions on PE deals

Banks have pulled in a record $26bn in fees advising on and financing private equity deals, more than double 2020's amount
Banks have pulled in a record $26bn in fees advising on and financing private equity deals, more than double 2020's amount

Bankrolling private equity is big business for Wall Street.

The world’s biggest banks have pulled in a record $26bn in fees advising on and financing private equity deals, more than double the amount they made at the same point in 2020, as they cash in on a surge of activity fuelled by a wave of super-sized leveraged buyouts and an abundance of cheap financing with interest rates at historic lows.

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