Private equity firms deploy 'dry powder' for economic recovery

The post-pandemic economic recovery is gaining momentum. What that means exactly in the longer term is still not clear. Nonetheless, private equity firms that have been holding onto their cash can navigate the uncertainty and deliver healthy returns if they take time to plan, says Elaine Chim, Head of Private Equity, Americas and APAC at Apex Group. Traditionally, investors hold around two percent of their assets, or the equivalent of three to six months of cash, in reserve for emergencies. But estimates show that many investors have set aside 10 percent of their assets in the last year ...