Dividend recapitalization, when a private company pays its investors a cash dividend with borrowed money, surged to a record ...

Private equity returns overtook those offered by private credit in the third quarter, according to data from State Street ...

Our setting is dividend recapitalizations in private equity (PE), where portfolio companies take on new debt to pay investor returns. After accounting for positive selection into more debt, we show ...

However, diversifying across multiple ... private equity firms raising significant debt—typically around 90% of the purchase price—to acquire a controlling stake in a company. While leverage ...

Private Equity has experienced significant ... rate period enjoyed during the prior decade. With multiple expansions less likely—and leverage becoming more expensive given the return—it ...