Private equity industry ‘excited’ about prospects under Trump
Many at this week’s SuperReturn International private equity conference think Trump is good for business and expect ’favourable’ things to come out of Washington
The private equity industry is as excited about its prospects as it’s been in decades, Carlyle Group’s co-CEO David Rubenstein said on Wednesday. Most attendees at this week’s SuperReturn International private equity conference in Berlin think US President Donald Trump is good for business, according to a show of hands by hundreds of deal-makers at a presentation by Rubenstein — despite the White House not yet unveiling a finalised tax plan or specific proposals for the rollback of regulations. "I’ve been coming to this for 20 years and I haven’t seen anything quite as bullish," Rubenstein said in a Bloomberg Television interview. "There’s an atmosphere that private equity is welcome into the financial community, and that regulations and de-regulations coming out of Washington, and maybe some lower taxes, will be favourable." Private equity is an attractive asset class for institutional investors, with firms raising $589bn in capital in 2016, according to Bain’s 2017 global private ...
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