Appetite for private equity funds will remain muted this year, although investors should be reasonably hungry for partnerships earmarked for mid-market buyout, growth equity and Asian private equity funds, according to a late 2010 survey of funds-of-funds managers and other investors.
The killjoy continues to be overhang—the piles of money pledged to buyout funds during the go-go years of 2005 to 2007 but not yet drawn down, or if drawn down not yet returned.
