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      "text": "Bain has found few deals that achieved unambiguous success in the absence of at least one winning factor—and the more of these factors there are, the more potential ways for a deal to win.",
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      "text": "Ultimately, buyouts from the boom years preceding the market crash fell into three distinct groups. The obvious winners were deals that had one or more winning factors and no warning beacons...",
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      "text": "PE funds husbanded their buyout assets through the downturn and rode a wave of market beta to successful exits that, while taking longer than the three- to five-year holding periods envisioned at their time of purchase...",
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      "text": "The experience of the past several years confirms patterns about deal success and failure that Bain & Company has seen developing for a long time. Bain has been co-investing alongside clients in deals for more than 20 years.",
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      "text": "How capital superabundance could burn PE investors going forward. The continued expansion of financial assets looks to be an enduring feature of the investment environment that PE firms will need to reckon with for a long time to come.",
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