Overview
Andrew McCune, assessing 2013 and potential 2014 private equity deals, said that “people are now being much more cognizant of risk. I think that without a clear indication of where the economy is going, for the private equity industry, it’s all about creating value growth and you need a story to say where that will come from.” Because of this, he added, “There are people who will fundraise successfully and quickly and those who don’t manage to raise additional funds. It is in large part because of how the investors are skewing their capital and saying, ‘We’re not going to make a lot of broad investments.’”