New Roadmap for PE Fund-raising
There is a preference for deal-by-deal engagement, allowing investors to decide on a case-to-case basis
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Last Updated: Nov 18, 2013, 07:23 IST1 min
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The fund-raising sentiment for PE firms globally seems to be improving. This is borne out by the fact that a majority of the world’s top PE executives are either positive or neutral about the fund-raising environment this year, a marked improvement from last year. This is one of the key findings of a global survey conducted by Grant Thornton. As many as 54 percent of those surveyed said they were either positive or neutral about this year’s environment, compared to just 27 percent a year ago. The Global Private Equity Report 2013-14 is the result of in-depth interviews conducted with 156 senior PE practitioners worldwide.
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The survey also shows the lines between fund-raising and investor relations are blurring. Fund-raising is now being seen by PEs as a constant process of engagement. With the power clearly shifting in favour of LPs, they are being wooed by concessions, co-investment rights, advisory board seats and fee discounts.
First Published: Nov 18, 2013, 07:23
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