Middle Market Weekly Outlook
Good morning, all. There appears to be a lot of capital flowing between LPs and GPs right now. On the…
Good morning, all. There appears to be a lot of capital flowing between LPs and GPs right now. On the one hand, Preqin reports that GPs are returning record amounts of cash to investors. On the other hand, the record performance comes at a great time, as a record amount of PE funds hit the fundraising market. It is reported that an “all-time high of 2,209 private equity funds is seeking $811 billion from investors.” This tops the previous record of 2,043 funds seeking $787 billion in February of last year.
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This week in history… Congress passes the Glass-Steagall Act (1932).