Private equity execs talk about recession, regions with potential, defaults

|By:, SA News Editor

Carlyle Group (CG +1.2%) Co-CEO Glenn Youngkin sees potential in Italy and Greece, while Co-CEO Kewsong Lee says don't ignore the Far East, Bloomberg reports at its Invest conference in New York.

KKR (KKR +0.9%) Co-Presidents Joseph Bae and Scott Nuttall say Japan is a top priority for investing in private equity amid Asia growth. Nuttall sees a global recession possible in the next two years.

Blackstone Group's (BX +0.7%) Global Head of Private Equity Joseph Baratta sees a recession coming, but says it won't be as bad as last time.

Bain Capital's co-managing partner, Jonathan Lavine, says defaults will be pretty low, as indicated by tight credit spreads and flat risk curve; still, he's watching out for credit market excess.

Previously: Carlyle's new co-CEOs see private equity taking bigger role in global economy (June 4)