Deals are expected to fall far short of 2021’s record-breaking level.
KKR sells seven college lodging projects for $725 million.
The buyout firms are increasingly popular among institutional investors—Carlyle just raised $27 billion.
Blackstone chief sees Biden’s planned boost for the capital gains levy as spurring more deals.
Pension funds and other institutions are considering investing in problem properties via KKR, Apollo, Blackstone, and other Wall Street players. The goal: turnarounds.
Institutional investors like Arizona’s pension plan have done pretty well with this newly popular asset class.
Prospects for exits, money-raising, and new deals dim amid the scary economic slide.
Firm decides not to continue ‘without him at the helm.’