The effect of the crunch

One of the effects of the credit crunch has been that multi-billion pound private equity deals, ...

One of the effects of the credit crunch has been that multi-billion pound private equity deals, for a while a regular feature of the business section front pages, have slammed to a halt. But this does not mean private equity itself has stopped in its tracks - far from it. For a start, recent estimates suggested there was around $800bn being sought in private equity fund raisings, with a similar sum already raised and waiting for suitable investments. The market for sub-billion dollar private equity deals is in fact very healthy and the risk for the money that has already been raised is on...