bloomberg.com• Aug 16, 2026• 1 min read
Why Private Equity’s Playbook Is Losing to Public MarketsPrivate equity has long promised investors better returns than public markets, while offering entrepreneurs like Dan Namerow life-changing exits. But the market that made those deals work has changed. Higher interest rates have made debt-financed buyouts harder to justify, while deals struck at peak valuations in 2020 and 2021 have become more difficult to exit. University of Chicago Booth profess...