Add Fortune’s voice to the growing chorus proclaiming that the big private equity boom of recent years will soon come to an end.
The magazine’s Adam Lashinsky argues that Wilbur Ross’s $375 million sale of his investment firm, W.L. Ross, to Amvesco is only the latest sign that the market has topped. As the $33 billion HCA buyout and Blackstone’s $15.6 billion fund set new records, observers now say that the market increasingly resembles those in 1987 and 1998, when private equity began seeing diminishing returns on their investments.
Friday, August 11, 2006
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