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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