PE return timelines forcing HVAC platforms to trade into a soft 2023-2024 market

Host argues PE firms operate on three-to-seven-year horizons and must return capital to investors, and that platforms started in the late-2010s/early-2020s boom now must trade into a softer 2023-2024 HVAC market, putting many PE-backed groups in a bad position.

“all of these private equity companies are on a three to five to maybe seven year timeline before they have to trade to return to their investors, right?”

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