Public investors continue to shun private equity stocks in the United States as large buyouts and exits, events which would typically cause values to surge, remain relatively elusive in the wake of 2007’s debt market turmoil.
Units in the management companies of Fortress Investment Group and The Blackstone Group hit new lows following analyst downgrades and reports that Blackstone would scale down a previously announced Indian investment as well as pay a $50 million reverse break-up fee for a failed US deal.
