Private equity is heading for a reset, experts say

Serena Tan, CEO of Gaia Investment Partners and Scott Hahn, CEO of Hahn & Co at CNBC’s CONVERGE LIVE on Thursday, March 13, Singapore.
The private equity market could be heading for a shake-up, with several fund managers facing difficulties in raising cash, Serena Tan, CEO of Gaia Investment Partners, a Malaysian fund of funds, told CNBC at CONVERGE LIVE in Singapore.
The low interest rate environment post-Covid means the deals market was booming, bolstering fund managers’ track records, according to Tan. But many of these previously successful private equity players have been struggling to raise funds in the current lackluster market, Tan added.