(MT Newswires) -- David Rubenstein, co-founder and co-chairman of Carlyle, believes that recession fears have subsided and anticipates an imminent fall in interest rates, which he believes should enable a recovery in M&A and private equity activity. He sees consolidation in the private equity sector, particularly in infrastructure, where acquisitions such as BlackRock's G.I.P. show a growing interest in stable and predictable profits. He sees infrastructure as a prime area for investment, stimulated in part by important legislation, such as the Biden administration's infrastructure plan in the US.

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