Bain Capital warns that the cut-throat race to win deals means PE firms are taking on worrying levels of debt to pay higher and higher prices.
Jonathan Lavine, co-managing partner at Bain Capital, warned that massive debt piles in the private equity industry are raising the risk of a crash, in anLavine said that parts of the private equity space were being"increasingly aggressive" in their calculations.
Jonathan Lavine, co-managing partner at Bain Capital, is warning that massive debt piles in the private equity industry are raising the risk of a crash. The FT says private equity firms are paying"record high prices" for deals and investors are piling money into funds, which may have created a bubble that Lavine says an economic downturn could pop.
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