Confidence Trump will be a positive for PE dwindles

More than 50% of respondents to an Association of Corporate Growth survey think the new administration is a neutral or negative for the industry.

The sentiment around the Trump administration’s effect on private funds management has declined in the past 12 months, a survey found.

Less than half of respondents to the Association for Corporate Growth New York branch survey said they thought the government is a positive for the industry, down from 79 percent in 2016.

However, many more firms out of the 169 surveyed at the end of 2017 believed tax reform would be beneficial, at 47 percent, than negative, at 7 percent. The majority thought it would be neutral.