To be sure, the PE business has suffered from overpaying for its buyout picks in the period of ultra-low interest rates, a problem that’s forcing them to hold their portfolio companies for extended periods, and curtailed profits when they’re sold. But until recently, it was the tremendous growth in private debt that far more than offset the slump in their traditional franchise, and accounted for the wondrous performance of their stocks. Now, panic is roiling the funds holding loans to software outfits perceived to be threatened by AI, and investors, especially newly-recruited retail folk, are demanding their money back. “It resembles a run on a bank,” says Matt Swain, co-head of Equity Capital Solutions at investment bank Houlihan Lokey.
In an interview with The New York Times, Thiel claimed The Giving Pledge, or the philanthropic campaign to get the world’s wealthiest to commit to giving away 50% or more of their wealth, has fallen out of style. “They got an incredible number of people to sign up those first four or five years, and it somehow has really run out of energy,” he said. “I don’t know if the branding is outright negative, but it feels way less important for people to join.”
,这一点在PG官网中也有详细论述
Greg Wallace hosted MasterChef for 20 years, but stepped away from presenting the show last year after facing a string of misconduct claims, first revealed by BBC News.
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