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Globally, private equity still has almost $1 trillion in dry powder, according to a study by Bain.
A sale to its own joint venture would leave half of the equity still on the books, but raise cash.
It is almost four years after the credit crisis began and private equity still has yet to do a $7 billion deal.
The one big advantage that private equity still has over public equities is that it can transform firms away from the public gaze and from the short-term pressures of the stockmarkets.
And government revenues might be affected if large portions of industry were financed by tax-deductible debt.But private equity still accounts for only a small proportion of corporate ownership.
Perennial hopes that European banks will offload assets have still not come to pass, in part because interventions by the European Central Bank have eased funding pressures on lenders.More broadly, private equity still bears the scars from the past half-decade.
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With bond yields so low, equities still seem good value to some.
Broadly speaking, European equities still trade at lower valuations than domestic or Japanese shares.
Which equity markets do you favor most? A. U.S. equities still offer some of the best risk-rewards.
"Given the lack of obvious alternatives and a nascent global recovery, equities still look the best option for both capital and income returns.
That has already helped propel stocks higher in many of them, but Mr. Alderson said he thought that "equities still offer a lot of value".
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