Private Equity Faces Growing Pressure from Unrealized Assets and High Leverage
Steve Clapham outlines the mounting risks in private equity, pointing out that firms are holding thousands of unrealized portfolio companies, facing extended exit windows, and struggling with over-leveraged assets as interest rates rise.
“The basic problem for private equity is they bought a lot of companies at too high a price.”
Steve Clapham
“There was 32,000 companies which represents just shy of $4 trillion in value. And that's basically trapped money.”
Grant Williams
Heard on The Grant Williams Podcast — “The Grant Williams Podcast Ep. 134 - Steve Clapham”, published Tuesday, November 3, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.