This Time Last Year We Were So Wrong

Following last year's Labor Day weekend, peHUB declared that "The Real Q4 Started Today," partly in wishful thinking that news would pick up after the painfully slow summer months. We welcomed the potential increase in activity with an informal survey of Q4 predictions by PE pros, and those predictions could not have been more off. For one thing, the sponsors we spoke with expected deal activity to return in Q4, with the back half of 2009 ending up on par with the first half of the year. That didn't happen.

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