About $3 trillion of coronavirus relief approved by Congress helped the economy survive the pandemic, but what happens when the funds run out? With 40 million people out of work, it is time to unleash the power of private equity. Private-equity firms are sitting on $2.5 trillion of “dry powder,” or uninvested funds, according to Bain & Co.’s Global Private Equity Report published earlier this year. Private-equity firms have been stockpiling cash amid stiff competition, rising asset prices and worsening economic conditions....

Source: Wall Street Journal June 21, 2020 20:15 UTC