PE firms hold onto overpriced assets for longer, constraining distributions to LPs, but Bain sees a light at the end of the tunnel.
A majority of the largest U.S. corporate pensions are at their highest levels in decades, according to a number of pension trackers.
The 2.5% excise tax would target private institutions in the state with endowments of at least $1 billion.
Previous supposedly hot offerings, like Instacart, did nothing to help the tattered new-issue market.