The US Mid-Market Handbook 2012(2)

It’s easy to see why LPs love the US mid market at the moment.

In an uncertain world, investors like the lower levels of leverage and the well-established focus on operational value creation. There’s a good selection of experienced, proven managers. And returns have been consistently strong.                                                                                                                                                                                                                
Of course, the fact remains that once too much capital floods into a particular area, returns typically start going down. So the recent suggestion by Cambridge Associates that the US mid-market is now facing a capital overhang of $58 billion – with LPs still flooding in – may be a worrying sign. Macroeconomic and political concerns are also weighing heavily on investors’ minds.

Our special supplement looks at why the US mid-market has been flourishing – and what might threaten its popularity with LPs.

   Click here to download the US mid market supplement