Resilience under Fire: How Private Equity Fund Sponsors Are Responding to Challenges Posed by the Financial Crisis, Investor Demands, and Aggressive Proposed Tax and Regulatory Changes

2009
Raising Capital for Private Equity Funds, Aspatore Books
Monica K. Arora, John T. Lillis, Jeremy M. Naylor

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In the toughest environment for private equity and other closed-end private funds fundraising in 20 years, how are private equity sponsors coping? Some traditional strategies continue to work; many others are not. As a result, sponsors are looking to, among other sources, the secondaries market and annex funds to compensate or otherwise address issues related to the lack of liquidity in the market and among investors. In navigating the current environment, sponsors must be creative in the ways they attract capital and attentive to the myriad of regulatory and tax changes they will have to overcome in their fundraising efforts. Here is a survey on trends in current fundraising efforts and the techniques savvy fund sponsors are using to help raise new funds, and the legal, contractual, and regulatory hurdles, both new and potential, that they must manage in order to succeed. Click on "Download PDF" for the full text.