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Cashed-up PE firms warned on overpaying

Jan 03, 2019 - Australian Financial Review

Quadrant Private Equity executive chairman Chris Hadley has warned about private equity funds overpaying for assets, as they seek to deploy the biggest pool of capital in almost a decade.

Mr Hadley, whose latest fund raised $1.15 billion and is 30 per cent invested, said the rush to invest could see some funds pay too much for businesses.

"Potentially some new PE executives that did not go through the last downturn may be at risk of overpaying for lower quality assets that fail to pe...