Thank you for the excellent commentary received daily! A question for your view - PE industry claims $2trillion "dry powder" available for deployment but can this be LP drawdown commitments which still has to be called & will come from liquidating other investments at current market prices or even defaulting on obligations?
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In the aftermath of the credit crisis Blackstone deployed billions in the US housing market and became one of the biggest residential landlords in the country. That action helped put a floor under the market. They correctly concluded the majority of people would not have the resources to save for a down payment and would instead be renters indefinitely.Click HERE to subscribe to Fuller Treacy Money Back to top