Private Equity Summit
Private Equity Summit
Key Quotes from Global Private Equity Summit
The annual Reuters Global Hedge Funds and Private Equity Summit took place March 23-25. This year’s summit seems especially important for private equity as the traditional leveraged buyout model has received more and more criticism and the industry faces the prospect of increased taxes on carried interest. Private equity has struggled in the economic downturn and fund raising has become especially difficult for many private equity firms. Reuters has provided some of the key quotes to come from the Summit:
Laura Wang, the co-founder and managing director of Asia Alternatives:
“Anybody who’s fund-raising right now I would say is banging their head against a wall.”
“Anybody who has a fund of fund in their name is going to be looked at more closely.”
The managing director of Societe Generale, Timothee Bousser said:
“A lot of the global macro players who used to wake up at night to trade Asia because they had things to trade and volatility was very high… are now not waking up at night.
“They are watching to see if their seat is still there. They are facing redemption.”
Frank Tang, the CEO and managing partner for Fountainvest Partners had an optimistic prediction:
“As a private equity investor, we don’t have to wait for the economy to recover first before we put in the money, that would be too late.
“I think we’ll be very busy for the next three years. This is exactly the time that private equity investors can play role, when perhaps there are certain public market dislocations … I think the next two, three, four years will really be a golden period for us.”
For more information from the summit check out Reuters’ coverage.
Tags: Private equity summit, private equity conference, private equity and hedge fund summit, Reuters private equity conference, private equity news, private equity and hedge funds
Related Business Training.com Resources
Tags: private equity and hedge fund summit, private equity and hedge funds, private equity conference, Private Equity News, Private equity summit, Reuters private equity conference
