Dennis White was quoted by VC Experts on May 27 on a survey of the M&A environment by the Association for Corporate Growth and Thomson Reuters. He stated that "the credit crunch remains a major roadblock to economic growth and an uptick in M&A volume. [But] with the bank stress tests behind us, there is guarded optimism that the worst is over and that in the coming months credit will at least begin to start flowing again." Mr. White noted that currently many PE firms "do not want to abandon their investment discipline by doing deals with troubled companies that turn out to be fundamentally flawed. [However], the current economy almost demands that PE firms take a more hands-on approach with their portfolio companies, … coming to difficult decisions as to what companies they will continue to actively support and those they will leave to their own devices. This phenomenon will ease once the economy improves."