No. of Recommendations: 2
http://www.bloomberg.com/news/2013-02-12/buyout-boom-shakeou...

I just scanned this article. I have been expecting it for a while now. The American Taxpayer Relief Act is not blamed by the author in this article as I scanned it. But I see this stuff as the results of changes in the tax code. Some here will cry that without these private equity funds there will be a much lessened economic expansion. To that I say rubbish. There should be an old fashioned economic expansion where merit counts more than cheating the average joe with computer programs and tax breaks for people who dont even truly work.

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Private equity, an investing trade plied by 4,500 firms with $3 trillion in assets, is bracing for a shakeout that’s been brewing since the collapse of credit markets choked off a record leveraged-buyout binge.

Firms that attracted an unprecedented $702 billion from investors from 2006 to 2008 must replenish their coffers for future deals and avoid a reduction in fee income when the investment periods on those older funds run out, typically after five years. As many as 708 firms face such deadlines through 2015, according to London-based researcher Preqin Ltd.
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