PE Slowdown Could Lead to Lower Returns for PNB in Short Term, but Company Confident in Long-Term Prospects
The slowdown in private equity (PE) fundraising and dealmaking is giving Malaysia’s Permodalan Nasional Berhad (PNB) some room to breathe. PNB is the country’s largest state-backed investment company with over $100 billion in assets under management. The company has been a major investor in PE…
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