Institutional investors are backing funds from Blackstone and KKR designed for wealthy individuals, a move that could impact the traditional 10-year private equity fund model.
Institutional investors are reportedly backing funds from private equity firms Blackstone and KKR that are designed for wealthy individuals. This development indicates a potential shift by private equity's traditional backers.
The move could pose a threat to the traditional 10-year fund model typically used in private equity.
Why this matters: The shift by traditional private equity backers towards funds for wealthy individuals could threaten the established 10-year fund model.
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