BREAKING: Private equity dry spell “worse than 2008” says Bain & Co
> PE returned fewer profits to investors for a fourth straight year
> Distributions as a percentage of net asset value remained at 14% last year (2nd lowest level since the depths of the 2008 financial crisis)
The Fwd P/E of the Tech sector is now at PAR with Consumer Staples.
In other words, the market is now valuing Tech at the same multiple as boring/slow growth Staples companies.
That has only happened 3 times in the last 7 years: COVID, the 2022 Bear Market, and Liberation Day.
To date, I've generally agreed with the administration's policies. But this is a huge miss in my view. It has disaster written all over it. Look no farther than the frantic efforts PE firms are making to give retail investors the 'opportunity' of access. Code for: we've run out of patsies.
On June 2, 2025, Sergeant of the Guard Sgt. 1st Class Andrew Jay took his final walk as a Tomb Guard at Arlington National Cemetery. In a powerful farewell, he laid roses at each crypt of the Unknown Soldiers, then walked off the plaza hand in hand with his 8-year-old son, Finn.