Private equity faces existential crisis in US as unsold companies pile up

Experts express growing concern over the collapse and financial distress of multiple major US companies owned by private equity firms burdened with heavy debt.

• Private equity firms and their portfolio companies employ over 13 million people in the US.
• High-profile bankruptcies include Saks, Eddie Bauer, Kmart, JoAnn Fabrics, and Steward Health Care.