Buyout firms crave Buffett-like long game that remains elusive
Investors and managers will take some time to warm to the buy-and-hold model of investing
New York
A FEW years ago, private equity managers were growing tired of sitting on the sidelines, watching Warren Buffett's Berkshire Hathaway make landmark investments in Kraft Heinz and BNSF Railway. They wanted to get into the game.
To play, they would need to give themselves lots of time - decades, in fact - and as near-to-permanent capital as they could muster. Ambitious buyout firms bet that by raising long-duration funds, they would finally have the patient capital to do those eye-watering megadeals they'd been coveting.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Over S$646,000 spent to store, maintain, safeguard assets in money laundering case
Philippines eyes US$2 billion in its first global bond this year
UniCredit jumps past 60 billion euro market cap to join elite club
New Thai finance minister downplays row with central bank
China's CICC may cut investment banking headcount by at least 10% this year
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global