If you’ve been to a Private Equity-related conference lately you’ll have recognized the overcast of pessimism and gloom that has become a permanent fixture at these affairs. However, while hunkering down in every storm a certain solice can be taken from the knowledge that the tempest can’t last forever.
David Rubenstein of the Carlyle Group offered up small rays of sunshine yesterday when he gave an excellent presentation at Super Return in Berlin. As much a “must-see” powerpoint for Bouyout professionals as Sequoia’s was for VCs. Here it is: