`Tidal Wave of Deals’ Is Poised to Buoy Private Equity 

Matt Swain, head of direct placements and secondaries at Houlihan Lokey, says private equity firms are poised to reap a bonanza. Many investors are overallocated to public markets, he says on “Bloomberg Open Interest,” setting up the PE industry to pounce on a “tidal wave of deals.” Sonali Basak’s Wall Street Beat newsletter is published Friday. (Source: Bloomberg)