Patience is a virtue—and one that private equity limited partners have demonstrated fairly well since merger and acquisition activity began to retreat in 2022, locking up their money for the past couple of years. But it seems that patience has finally run out. No longer content to wait for ideal market conditions, LPs are pressuring PE managers to sell off portfolio holdings to finally recapture some equity.
Middle Market Growth quotes Rafael Castro in ‘This Year, Expect LPs to Dial up the Pressure for Capital Returns’ article
January 9, 2024
