PRINT THIS PAGE Survey reveals 43 per cent of LPs denied access to all the funds they want29/06/2005. Source: AltAssets. 
 The depth of growing concern about fund access has been evidenced by a new survey showing that some 43 per cent of limited partners have not been able to get into all the funds they wanted over the last 12 months.
The main reason cited by North American investors for being shut out was that the funds were closed to new investors. European and Asian investors were more inclined to complain about lack of internal resource.
But despite these frustrations, some 30 per cent of LPs still plan to increase their allocation to the asset class, according to the latest Coller Capital Global Private Equity Barometer.
Just over half of all LPs, or 52 per cent, said they planned a net increase in the number of their GP relationships over the next 12 months. This was particularly the case among Asian investors, where 73 per cent of respondents said they planned an increase.
Among other findings, the survey found LPs naming European buy-outs the most attractive area for investment over the coming year, followed by Asia-Pacific buy-outs, North American venture, North American buy-outs, Asia-Pacific venture and European venture.
Within Europe, LPs said the most attractive investment opportunities would be in Central and Eastern Europe, followed by Germany, Spain, France, UK, Nordic region, Benelux and Italy.
Despite identifying Europe as being the most attractive region for buy-out investing, LPs expressed considerable concern about the levels of competition in the large and, to a slightly lesser extent, mid-market.
Copyright © 2005 AltAssets
|
