Private equity: smaller is beautiful

Giant private equity funds won’t be back for a while. New research shows many investors have lost interest in multi-billion dollar funds. That will make it tougher for big buyout shops like Blackstone and KKR to raise money in the amounts they are used to. Some may even have to relearn smaller-scale methods of investing. The best-regarded firms can still raise plenty of money. BC Partners is set to start raising a new fund and is hoping for around 6 billion euros. And Blackstone has already gath...