The private equity landscape is currently facing significant challenges, with firms struggling to divest assets from previous funds and encountering obstacles in raising new ones. Apollo Global Management co-president Scott Kleinman recently shared some candid insights on the industry’s current state and what the future may hold. According to Kleinman, private equity returns are not expected to reach previous levels until the assets bought up until 2022 have been fully dealt with. This process may involve challenges such as company refinancing at higher rates, leading to fewer realizations and lower returns for the industry in the near future.
Contrary to the grim outlook, Kleinman also highlighted potential opportunities for the private equity sector in the coming years. Specifically, he mentioned a promising decade ahead for new buyouts, especially in the US market where substantial value can still be found in take-private deals.
The message is clear: the road ahead for private equity may not be smooth, but there are bright spots to be found for those who navigate the challenges effectively. To learn more about Apollo Global Management’s perspective on the industry’s future, you can read the full article [here](https://dealbreaker.com/2024/06/apollo-co-president-is-not-here-to-sugar-coat-things-for-you).
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