The Rabid Capitalist

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.

The Wall Street Journal declared that the private equity fund party was over on June 15.  Cash distributions from funds had all but disappeared.  Limited partners in these investments faced the challenge of capital calls exceeding distributions, damaging their ability to cover their actuarial liabilities.  The Rabid Capitalist has been shouting warnings from the rooftops over the last six months but is happy to welcome the WSJ to the funeral (see https://therabidcapitalist.com/2024/06/09/private-equity-admits-falling-returns/, https://therabidcapitalist.com/2024/06/02/the-private-equity-postmortem-an-advance-copy/, https://therabidcapitalist.com/2024/05/27/the-private-investing-cash-drought/, https://therabidcapitalist.com/2024/05/25/private-equity-runs-out-of-financial-engineering-gas/, https://therabidcapitalist.com/2024/04/30/private-equitys-general-partners-need-a-pawn-shop/, https://therabidcapitalist.com/2024/04/25/no-exit-part-two/ and https://therabidcapitalist.com/2024/04/14/the-story-of-private-equity-is-a-story/).

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