Industry
Private equity industry closes 2013 with record highs of "dry powder"
The global private equity industry closed 2013 with "dry powder" amounting to $1.074 trillion, a figure much higher than the previous record high of $1.067 billion posted before the 2008 global financial crisis.
Buyout firms double down as lender to make money on failed investments- report
Private equity companies are buying the debt of the companies they own so they can become creditors and have a second shot at making money on their investments.
U.S. stocks best year since '97
U.S. stocks closed out their best year in more than 15 on Tuesday, rising modestly on a strong consumer confidence reading that kept 2013's upward bias intact to the end.
Private equity funds seek to diversify to achieve return targets
Private equity firms are increasingly seeking to partner with U.S. companies rather than buying them outright, as they struggle to find ways to put their huge piles of money to work at a time when frothy markets have made takeovers expensive.