Triago CEO: PE Shakeout "Will Be Huge"
Antoine Dréan, founder and CEO Triago, expects a shakeout in the PE world that could see as much as half of buyout funds disappear. There were roughly 250 U.S. focused private equity funds raised between 2005 and 2007, raising $222 billion, according to data from Preqin. This compares to only 38 U.S. focused funds raising $32.1 billion in 2009. Dréan says that many of the new entrants were "me too" operations raised by institutional investors with little direct investing experience, and whose returns have been dreadful. “Most of these funds will have a tough time going forward. It will be difficult as to their next fundraising,” he says.
20 July 2010•2 mins read
