🧵 Many buyout firms considered hedging against rising interest rates a waste of time and money. Their debt-laden companies are now paying the price. More from @silasfelixbrown, @abhinavvr, and @PSeligson below 👇 trib.al/bUuKvlA
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The titans of private equity are getting caught out by the swift rise in interest rates. 💸 It’s costing their companies billions in extra interest and threatens to push scores of them into default trib.al/bUuKvlA