Preparing for a wave of value write-downs in the private equity trust universe
Private equity investors have been put on warning after press reports last month that privately-owned BNPL (buy now, pay later) specialist Klarna was seeking to raise fresh capital at a steep discount to its previous valuation.
This has raised the question of whether private equity valuations need to be downgraded across the board, as this would affect many investment trusts with unquoted ...