Private equity has recovered to pre-pandemic levels following a superb 2021.
Private equity firms have made a stellar recovery from the global pandemic. According to PricewaterhouseCoopers, 2021 deal volume surged 48% versus the same period of 2020. And in just four quarters, private equity activity returned to pre-pandemic levels. The tail winds of low interest rates, socially conscious investing and demand for alternative assets have created an all-out boom in the industry.
However, there are some concerns that private equity could become a victim of its own success. Given the high historical rates of return, competition is quickly entering the field. Plus, other types of deals, such as special purpose acquisition companies, or SPACs, have driven up prices for assets that would traditionally be in private equity’s wheelhouse. Regardless, it’s been a great run for the industry in recent years.
The post The Top 10 Largest Private Equity Firms in the World originally appeared at U.S. News & World Report.