--- Connecting LPs & GPs worldwide
--- Connecting LPs & GPs worldwide
Like many other industries, private equity retreated as tight credit and a lack of confidence in the US markets accelerated during the second half of 2008. The retreat began in the summer of 2007 following the collapse of Bear Stearns’ two hedge funds and the initial recognition that complex financial instruments designed to mitigate risks in mortgage and high yield loan markets might be having the opposite effect.
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