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Blackstone, KKR fuel record $26bn in Wall Street fees as PE boom seen raging on
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fnlondon.comBankrolling private equity is big business for Wall Street.
The world’s biggest banks have pulled in a record $26bn in fees advising on and financing private equity deals, more than double the amount they made at the same point in 2020, as they cash in on a surge of activity fuelled by a wave of super-sized leveraged buyouts and an abundance of cheap financing with interest rates at historic lows.
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