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CAPITAL ALLOCATORS Prediction Not checkable as stated
High EBITDA multiples and $4.4 trillion in dry powder threaten PE returns
“The EBITDA multiples are record high, and there's a 4.4 trillion of uncalled capital out there. All of this is bad for private equity going forward, unless you can find firms that have really superior operational capabilities.”
Doug Phillips Feb 24, 2020 ▶ 48:21 Doug Phillips – Middle of the Fairway at the University of Rochester (Capital Allocators, EP.123)
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