FT財富管理

Private equity has to make returns the hard way, says Goldman Sachs executive
「未來幾年私募股權必須重拾本行」

Asset management chief Marc Nachmann warns firms can no longer rely on leverage and cheap money to fuel returns
高盛資產和財富管理全球主管納赫曼稱,私募股權今後不能再依靠借入廉價資金來助推回報,而是必須重拾尋找好交易和改進運營的「本行」。

Private equity can no longer rely on borrowing cheap money to fuel returns, and will have to go back to its roots of sourcing good deals and making operational improvements, according to the head of Goldman Sachs’s investment business.  “Private equity will look different over the next 10 years than it looked over the past 10 years,” said Marc Nachmann, global head of asset and wealth management at the US bank, in an interview. “It will be a little bit back to the future in a sense.” 

高盛(Goldman Sachs)投資業務負責人表示,私募股權不能再依靠借入廉價資金來助推回報,而是必須重拾尋找好交易和做出運營改進的「本行」。

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