Thursday, December 25, 2025

Private Equity - Risks Ahead

Investors Warn of ‘Rot in Private Equity’ as Funds Strike Circular Deals
https://www.nytimes.com/2025/12/24/business/private-equity-continuation-funds.html
Buyout firms have struggled to sell companies they own and have instead found a workaround to get cash back to clients: Selling the companies to themselves. 
 
Warren Buffett and Private Equity Both Love Insurance. The Similarities End There.
https://www.wsj.com/finance/investing/warren-buffett-and-private-equity-both-love-insurance-the-similarities-end-there-338f7429
Investing insurance premiums is a different game on Wall Street than in Omaha.