Can someone explain to me the dynamics behind PE Cycles?
Was chatting with a buddy in PE the other day and he highlighted to me how right now is a pretty shitty time in the industry (rates, competition, etc). He highlighted how ppl are more focused on offloading their assets atm and deals generally suck.
Apparently, the mid to late 00’s was a really good time to be part of an OpCo selling out to PE.
Can someone please explain to me these dynamics?
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