Special report | Into the mainstream
Private markets have grown exponentially
The past decade has been a golden one for private financial markets. As they become bigger they are being dramatically reshaped, says Matthew Valencia
WHEN JOHN CONNAUGHTON left consulting for private equity (PE) by joining Bain Capital in 1989, “my mentors counselled against it,” he recalls. “They said it wouldn’t last.” Now he heads Bain’s global PE business. He has helped assemble such huge deals as the formation of IQVIA, a life-sciences group valued at $47bn. Bain Capital manages $155bn of assets. The target for its 13th buy-out fund last year was $9bn; it closed just short of $12bn.
This article appeared in the Special report section of the print edition under the headline “Fired up”
From the February 26th 2022 edition
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