Survey Says: Private Equity Outlook Is Improving

Optimism is breaking out all over the alternative asset class.

Last week, we learned that venture capitalists no longer believe their industry is “broken.” This week, private equity pros say that the credit crisis has ended or is on its way out within the next 12 months, according to the results of a survey by Rothstein Kass. Moreover, a majority of the 199 respondents said to expect more new fund launches this year than existing fund failures.

Most respondents also expected increased IPO activity and downward pressure on fees (ok, GPs probably don’t consider that last part to be good news, but I do). On the minus, 77% of respondents said that it would continue to take longer to sell portfolio companies, while just over half said 2010 deal-flow is weak.

Here are all the results: