Large institutional investors are seeking ways to shed stakes in illiquid private equity funds after global financial market downturns, raising concerns for the $4tn buyout industry. With plummeting stock values and limited cash profits expected, investors are facing liquidity pressures, prompting a race to find exits at discounts to stated values. The current stresses in the industry, drawing comparisons to past financial crises, have led to a surge in calls for liquidity and potential sell-offs of fund stakes at discounted prices on second-hand markets.
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Better Telecom Stock: AT&T vs. Verizon
Recent stock market volatility has highlighted the telecom sector's stability, with AT&T and Verizon emerging as strong investment options. AT&T is at a pivotal point, focusing on expanding its 5G and fiber-optic networks following a divestment of entertainment assets, projecting $16 billion in free cash flow (FCF) for 2024, while Verizon is also growing its mobile and fiber businesses, pursuing an acquisition to boost broadband connections. Both companies show promise, but AT&T has outperformed in...
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