Consolidation In The Private Equity Industry And Its Impact On The Legal Profession
Date: November 30, 2011
In the first half of 2011 there was a growing sense of optimism in the private equity fundraising marketplace. Private equity M&A activity was robust, financing was readily available and fund managers were able to generate a high level of exits. Returns for private equity were viewed by investors as generally having beaten other competing asset classes during the post-Lehman period. In addition, the low-yield environment was pushing investors into risk-oriented asset classes such as private equity. As a result, private equity fundraising was trending up over the industry’s (admittedly depressed) 2010 levels. Many market participants thought that a degree of normality was being re-established following the financial crisis. It might not be an immediate return to the “golden years” of private equity before the crash, but at least the historic trend of industry growth would resume.
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Source: Who's Who Legal
