Wealth funds splash $8.5bn on private equity

Sovereign wealth funds, investment schemes owned and controlled by states, have poured more than $8bn (€5.5bn) of capital into private equity funds and their management companies in the past five months, according to research by Financial News.

The news follows comments by David Rubenstein, co-founder of US private equtiy firm the Carlyle Group, who said at a conference in Hong Kong this week that private equity would have to look at fresh sources of funding, such as SWFs, to counter the effects of a possible drop in returns as a result of the credit crisis.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It