Why private equity sees life and annuities as an enticing form of permanent capital
February 8, 2022 by Ramnath Balasubramanian, Alex D’Amico, Rajiv Dattani, and Diego Mattone
Permanent capital—investment funds that do not have to be returned to investors on a timetable, or at all—is, according to some, the “holy grail” of private investing.1 Permanent capital owes its exalted status to the time and effort that managers can save on fundraising, and the flexibility it provides to invest at times, like a crisis, when other forms of capital can become scarce.
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Originally Posted at McKinsey & Company on February 2, 2022 by Ramnath Balasubramanian, Alex D’Amico, Rajiv Dattani, and Diego Mattone.
Categories: Industry Articles