In this WSJ article, Global Head of Private Investments, Andrea Auerbach, discusses the contradictory situation where buyout firms are flush with cash but largely unable or unwilling to use it to support struggling older investments. Auerbach expresses why she does not underestimate the ingenuity of private-equity firms or the companies they own. “It’s during periods like this where you really find out what everybody is made of,” she said. “You would be surprised at how companies can survive on fumes in a moment like this.”
Read the full article here.