Prominent international law firm Debevoise & Plimpton (home of alum Dan Taïeb, M.2003) have just released their Private Equity report for the fall of 2008. Always worth reading, this issue has an article on the possible EU regulations facing Private Equity that should be of interest to many in the business in Europe. It also offers a bit of optimism in these times of gray skies for the industry.
The study polled 100 institutional investors (endowments, pension funds, etc.), which collectively hold $1.5 trillion in assets, on how the foresee the future of the buyout business. About 54% of those surveyed think that institutional investors will continue shifting cash away from other asset classes and into private equity. Just 17% said that the industry would pull back while 29% thought that allocations would be fairly steady going forward.