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Private equity assets under management fell last year for the first time in decades as investors confronting a $3tn backlog of ageing and unsold deals pulled back from committing new funds to the sector.
Buyout firms managed $4.7tn in assets as of June last year — down about 2 per cent from 2023, according to a report from consultancy Bain & Co.
The decline in assets was the…
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