SoftBank offers glimpse of the pain the private equity world is in

SoftBank offers glimpse of the pain the private equity world is in

Photographer: Akio Kon/Bloomberg

If exchange-traded funds are the fast food of investing, then private equity is the private kitchen. As the world spirals into a recession and the coronavirus pandemic batters your retirement accounts, wealthy investors who bought into assets from unicorns to paintings can hide in an elite bubble that isn’t subject to brutal mark-to-market fair value writedowns.

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