Private Equity firms looking for Potential Targets

Private equity firms are reportedly picking through the debris of the stock market’s recent tumble and looking for potential deals in the most beaten-down industries.

“These are fundamentally good businesses that are going to have a terrible year. There’s an opportunity for private equity to go in there and take a meaningful stake or buy the company at a valuation they could not have gotten before."

Banker at top Wall Street firm

The sector, which is led by Blackstone, Carlyle Group, and KKR, has a significant amount of dry powder, amounting to an estimated $1.5T in cash across the many firms.