The Wall Street Journal reports today that Harvard University is just one of numerous institutional limited partners attempting to liquidate private-equity positions, hampering managers of private-equity funds. Despite strong returns from the institutions' roles with PE players, the economy's distortion of asset-class allocations, the availability of other investments at discounts, the illiquidity of PE and venture funds' pressure for scheduled capital calls are among reasons cited for retrenchments.
Tuesday, November 04, 2008
WSJ: Some LPs extricating from Private Equity roles
The Wall Street Journal reports today that Harvard University is just one of numerous institutional limited partners attempting to liquidate private-equity positions, hampering managers of private-equity funds. Despite strong returns from the institutions' roles with PE players, the economy's distortion of asset-class allocations, the availability of other investments at discounts, the illiquidity of PE and venture funds' pressure for scheduled capital calls are among reasons cited for retrenchments.
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