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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE Private equity survey: Summer 200627/09/2006. Source: Franklin Park. 
Franklin Park recently conducted its annual survey of private equity market participants, including institutional investors, corporate finance & venture capital fund managers, to assess their outlook on the asset class. The results of this survey, and comparisons to the responses received in a prior survey, are summarised in this paper. KEY FINDINGS
- Institutional investors continue to focus on investments in developed countries, although Asia and Eastern Europe are garnering more interest.
- Market participants continue to be optimistic about private equity returns for recently raised funds.
- Institutional investor appetite for middle market buyout funds has weakened versus prior years.
- Fundraising and investment activity are expected to remain strong.
- Venture capital fund managers were somewhat more optimistic about fundraising and investment activity relative to corporate finance fund managers.
- A large number of venture managers and institutional investors expect pricing to continue to increase, while corporate finance managers largely expect a decrease.
- Corporate finance managers generally expect leverage to contract.
- The expectation for exit activity has softened.
- Respondents expect buyout funds to continue growing in size. Over 60% of respondents expect the largest buyout funds would exceed $20 billion of committed capital within three or four years.
Click here to view the full survey (pdf 81kb)
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Franklin Park, an independent, employee-owned boutique, is recognized as a leading private equity investment advisor. As an advisor with experience in all areas of private equity investing, we assist our clients in building and managing portfolios that are positioned to meet their objectives and generate attractive returns. We offer discretionary and non-discretionary advisory services to institutional investors, including portfolio design and planning, investment sourcing, analysis and monitoring, and specialized research.
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