Private Equity
The Declining Luster of Private Equity: Why the Golden Age is Yielding to Public Markets
As of December 25, 2025, the once-invincible aura surrounding the private equity (PE) industry has noticeably dimmed. For decades, private equity was the premier destination for institutional capital, promising "alpha" that consistently outpaced public indices. However, a grueling two-year stretch has seen many firms produce lackluster returns that