“Buyouts: Distressed funds soar in strong Q2 fundraising environment” by Sam Sutton featuring Eric Zoller
Please click here to read the article on Buyouts’ website: Buyouts
In the middle market, LP demand enabled firms like Waud Capital Partners and Juggernaut Capital Partners to exceed their fund targets in the first half of 2016.
LP demand also reduced the time required to raise a new fund. As of April, it took less than 14 months on average for private equity firms to hit their fund targets, according to Preqin. That’s the average fundraise since 2007.
“You’re really seeing LPs trying to crowd in, and even accelerating their due-diligence process to try to fit in certain funds,” said Eric Zoller, founder of placement agent Sixpoint Partners. “LPs are willing to act more quickly, put other things aside, when they see something they really want.”