It is unclear what repercussions a Trump presidency will have on private equity. Its proposed repeal or dilution of the Dodd-Frank Act should encourage lending from banks, although that could negatively affect non-bank lending activities. Trump has also proposed to tackle the generous tax treatment of carried interest, the traditional freebies for PE dealmakers. Regardless, if fund managers have a choice in the matter, the sector has a great future.
Since 2008, private equity, hedge funds and private debt have continued to gain market share in their respective arenas of M&A, capital markets, and corporate lending. And because the largest PE groups, such as Blackstone, KKR and TPG, are today active in real estate, hedge funds, venture capital and private credit, the shadow world of finance is inexorably merging into one.
Limited oversight and seemingly unbounded access to capital
It's no secret that this year has been a volatile one for the markets. The S&P 500 is down 18% year to date, while the Nasdaq Composite is off by 27% year to date. Meanwhile, the VIX, a key measure of volatility, is up 49% year to date at 24.72. However, it has spiked as Read More
If self-regulation is an appealing draw for any manager eager to stay clear of accountability, this shado