Get ready to make less money off your investments, says a private equity executive

Thu, 06/06/2024 - 02:21

Scott Kleinman spoke to Bloomberg Television in Berlin about the private equity return environment. — Scott Kleinman spoke to Bloomberg Television on Wednesday about the private equity return environment.
Bloomberg Television

Apollo's Scott Kleinman warned of a "dry spell" for investors as deals from a friendlier era unwind.
Managers must adjust financial projections from deals done in the zero-interest rate era.
Investors want their money back, but managers often don't want to sell at a perceived discount.

A leading private equity executive just warned that investors are in for a "pretty dry spell for a few years."

"I'm here to tell you everything is not going to be OK," Scott Kleinman, the co-president of Apollo Global Management, said at a session during Berlin's SuperReturn International conference on Wednesday.