does the Volker rule prohib banks from investing in PE funds (e.g. BX, KKR, but also MM funds)? If not, then would it be right to think that the rule could potentially be good for the PE industry as capital from the principal investment funds will be redistributed to non-bank funds?
I heard a big PE guy say that it would be good for non-bank PE funds due to less competition. It could also be good for the MDs at bank PE funds, because if it passes the banks will have to essentially spin off/give away the divisions.
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I heard a big PE guy say that it would be good for non-bank PE funds due to less competition. It could also be good for the MDs at bank PE funds, because if it passes the banks will have to essentially spin off/give away the divisions.
Thanks for your comment CashCow. I think it's an interesting point and am surprised this thread hasn't received much attention. Anyone?
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Nisi vel dolores est reprehenderit similique. Explicabo sunt inventore quia officiis adipisci occaecati tempora. Commodi commodi non expedita optio. Quia aut officiis ut deleniti. Natus dolor quibusdam deserunt et. Ab quia velit rerum velit aut expedita. Qui aliquid autem voluptatum aut provident molestiae voluptas.
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