Watson Wyatt has released a new report on the future of private equity, one it sees defined by careful investment and cautious banks.
In the recent past, cheap and readily available debt combined with rising prices and an accommodating exit environment created an ideal environment for private equity managers to generate strong returns for investors without needing to exercise particularly high levels of skill and investment judgement. That era is over and the new world will reward those long-term and selective managers with strong track records of creating value through accelerating the earnings growth of their portfolio companies,” said Jane Welsh, global head of Private Markets Research at Watson Wyatt.
For the full report, click here.
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