Preqin Estimates 183 PE Shops Going Out of Business

PE firms went out of business in 2010 at the fastest rate in a decade, Financial News said, citing data from Preqin.

According to the story, there are currently some 183 private equity fund managers in runoff. The 183 funds is more than double the 90 that were in runoff in 2009. Another 150 firms are expected to disappear this year, Financial News said.

Affinia Group Adds On

Affinia Group Inc., an Ann Arbor, Mich.-based provider of on-and-off highway replacement products and services, has acquired Chinese drum and rotor maker HMB Investment Ltd. Affinia is controlled by Cypress Group.

Buyout Firm Behaving Badly?

Most private equity pros believe that if you do right by your LPs today, then they’ll do right by you when it comes time to raise the next fund. It’s a sensible equation, but is also subject to a giant sinkhole: What if there isn’t going to be a next fund? That seems to be […]

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