Institutional Investor (February 14)
2018/ 02/ 15 by jd in Global News
“Record-high fundraising has resulted in some growing pains and new challenges for private market managers.” In 2017, “fund managers raised a record sum of nearly $750 billion. Much of this fundraising was driven by so-called mega funds, or funds larger than $5 billion,” which more than doubled their take over 2016. According to McKinsey & Co., the largest firms are now increasingly challenged by where to deploy capital, rather than how to raise it. Maintaining “the persistency of firm performance” is also growing more challenging “as the biggest firms get bigger.”
Tags: Capital, Challenges, Fundraising, McKinsey, Mega funds, Performance, Record high
