Europe to Private Equity: Drop Dead
Europe is trying to destroy the global private equity market. Actually, that's a bit hyperbolic. Let's go with this instead: European Union regulators are trying to destroy the global private equity market. At issue is the EU's Directive on Alternative Investment Fund Managers, which could effectively prevent European institutions and individuals from investing in non-European funds. No more raising fund capital from that Dutch pension system or that British corporation or that wealthy family in Germany. Buh and bye. You know all that talk about how the Volcker Role could kick U.S. banks out of the limited partner biz? Well, in terms of fundraising impact, Volcker is Lamar Odom and the EU is Kevin Garnett.
14 June 2010•3 mins read
