Bain states that the "drought period" in private equity is more severe than during the 2008 crisis

Private equity returns to investors have decreased for the fourth consecutive year, as the industry is burdened with $3.8 trillion in unsold assets and faces difficulties in raising new funds. A new report from Bain & Company shows that last year, the distribution ratio based on net asset value remained at 14%—the second-lowest level since the most severe period of the 2008 financial crisis. The current downturn’s duration is even more severe than the challenges private equity firms faced at that time. (Bloomberg)