I was told there would be $1.5 trillion in private equity dry powder
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Replying to @BarbarianCap
In Q1 2009 I worked in PE and we called capital for a new deal we wanted to do. A very big, brand name endowment told us to pound sand. And if you start suing LPs your business is pretty much done. Dry powder sometimes blows away with the wind.
1 reply 0 retweets 19 likes -
Replying to @TheNarrenschiff @BarbarianCap
When you raise a fund, the money for said fund aren't in the PE firm's control? It's a commitment and not a deposit?
1 reply 0 retweets 1 like -
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