$1 Trillion Kuwait Fund's Boss Sounds Warning on Private Equity
The head of one of the world's largest wealth funds said the clock is ticking for private equity and it's time for buyout funds to return money to investors.
The industry is in trouble and got away with it for the last five to 10 years, said Sheikh Saoud Salem Al-Sabah, managing director of the $1 trillion Kuwait Investment Authority. Some firms were underwriting deals with no real exit optionality, he said on a panel at the Qatar Economic Forum in Doha on Wednesday.
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