A dazzling year for private equity

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The Lex column at the Financial Times notes that realized carried interest at Blackstone, KKR and Apollo is up a collective 400 per cent so far this year. If you were to count dividends and share appreciation, the three have returned more than 40 percent to their shareholders. Nice. All this at a time when deal-making remains weak. On the flip side, exits have been strong, giving funds some choice. The column notes several advantages of outright sales. But most are flocking to the IPO market. Article