Joe Baratta, Blackstone Group LP’s top private equity dealmaker, can’t be too cautious right now.
any professional investor, this is the most difficult period we’ve ever
experienced,” Baratta, Blackstone’s global head of private equity, said
Tuesday, speaking at the WSJ Pro Private Equity Analyst Conference in
New York. “You have historically high multiples of cash flows, low
yields. I’ve never seen it in my career. It’s the most treacherous
moment.”. . . more