OVERVIEW
This special report studies where private equity fundraising has come from and where it is going. As one fund placement specialist predicts the industry will see $1 trillion fundraising year before long. Given private equity’s recent growth, you would be bold to reject his as out of hand.
It is widely anticipated that by the time the takings have been added up, the year’s global tally will exceed $300 billion. A decade ago this asset class was small, the idea that it could ever attract more new investment than the US stock market would have seemed laughable then. Today, it is a reality. Further more you will struggle to find many professionals who dismiss the phenomenon as a temporary fad. In private equity circles, there is a consensus that 2007 will bring a slowdown to fundraising, because most of the mega funds have now closed, and their managers are keeping their heads down to get the money invested. This will take some time. But once this is done, these groups are expected to rejoin the race for LP support, possibly with even bigger offerings.
TABLE OF CONTENTS
Introduction – An asymmetric success story
Expert commentary – The stress of oversubscription
GP perspective – Life on the road
Terms and conditions – Proudly off-market
Funds of funds – The big picture
Data room – Fundraising facts